India’s NMDC targets 50% rise in iron ore output in FY 2020-21

Wednesday, 12 February 2020 14:30:37 (GMT+3)   |   Kolkata
       

Indian state-run iron ore miner NMDC Limited is targeting a 50 percent increase in production to 48 million mt during the forthcoming fiscal year 2020-21, a company official said on Wednesday, February 12.

The official said that, while the bulk of the incremental production would come from NMDC’s mining assets in the central state of Chhattisgarh, the company was hopeful of resuming production at its 7 million mt per annum Donimalai mines currently closed down following legal battles with the government of Karnataka since last November over disputes over terms of mining lease renewal.

NMDC is targeting capital expenditure of an estimated $323 million to achieve higher production in the next fiscal year and part of the capital expenditure would also be riding on construction of a new slurry pipeline, the official said.


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