Trade Resources Industry Trends NMDC's Iron Ore Output Increases in April-June

NMDC's Iron Ore Output Increases in April-June

India's state-owned miner National Mineral Development Corporation (NMDC) has announced that in the first quarter ended June 30 of the financial year 2014-15 it produced 7.85 million mt of iron ore, registering an increase of 13.4 percent compared to the same period of 2013. The company's iron ore sales amounted to 8.58 million mt, up 16.6 percent year on year.

During the first quarter, NMDC's iron ore output from its Karnataka mines amounted to 2.17 million mt, remaining almost unchanged, while the iron ore output from its Chhattisgarh mines increased by 19.4 percent to 5.67 million mt, both year on year.

Source: http://www.steelorbis.com/steel-news/latest-news/nmdcs-iron-ore-output-increases-in-april_june-836681.htm
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