Minister of Mines (Independent Charge), Shri Dinsha J. Patel informed Rajya Sabha today in a written reply that, National Mineral Development Corporation Limited (NMDC Ltd.), a Government of India Enterprise had been exporting iron ore to Japan and South Korea on long term agreement since 1963 and the last agreement has expired on 31st March 2011. The long term agreement for the next 3 year period starting from 2012-13 has been approved by Government. He further informed that comparison of long-term prices with spot prices cannot be done as long term prices are applicable for the entire year whereas the spot prices are fixed on day to day basis or even ship to ship basis.
Popular Posts
-
The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that details of proposals received so far in the Ministry from ...
-
The Union Cabinet today approved the project for the construction of Additional Office Complex (AOC) for the Supreme Court of India on 12.19...
-
India Seeks Green Technologies from the Global Leader India has sought German expertise and participation in developing green technologies. ...
-
In exercise of the powers conferred by clause (1) of article 224 of the Constitution of India, the President is pleased to appoint Shri Sus... -
Chief Secretary Jain was reviewing the implementation of PC-Pre-Natal Diagnostic Techniques (PNDT) Act at Secretariat on Monday. He expre...
-
The Ministry of Environment and Forests reviewed flood situation in Kaziranga Tiger Reserve of Assam. The Kaziranga Tiger Reserve has an ar...
-
Vehicle Research and Development Establishment and DRDO organised a one day Workshop on the project ‘Gasification Technologies Applicable to...
-
The Cabinet Committee on Economic Affairs has approved the proposal of Ministry of Consumer Affairs, Food & Public Distribution to defre...
-
Congress general secretary Digvijaya Singh on Tuesday said Leader of Opposition in Lok Sabha, Sushma Swaraj would be a much better Prime... -
The Union Cabinet today approved the proposal to offer financial support for the development of Electronics Manufacturing Clusters (EMCs) as...