Zida Gets U.S.$7 Billion Mining Investment Deal.

On February 19th, the APNI released INPI Index.

Preliminary exploration conducted by the geological department of the western Indian state of Rajasthan has confirmed iron ore reserves estimated at 840 million mt

The Ministry of Energy and Mineral Resources (ESDM) said that the target for the obligation to supply coal for domestic use or Domestic Market Obligation (DMO) in 2024 is larger than last year.

OMC has adjusted the base price marginally for its forthcoming auction of 56,000 t of chrome ore from South Kaliapani and Sukrangi mines on 19 Feb'24.

Indian silico manganese prices continue to rise owing to supply tightness.

Indian ferro silicon (FeSi:70%) prices remained largely stable, with a minor drop by INR 50/t ($1/t) ex-Guwahati and Bhutan.

On 16 February, Indian ferro chrome (HC 60%, Si:4%) prices stayed stable showing a slight decrease.