NMDC to increase iron ore output in Q3

The Indian state-owned miner National Mineral Development Corporation (NMDC) has decided to increase its iron ore supplies in the third quarter of this year, the company chairman Rana Som has stated. Accordingly, during the July-September period NMDC plans to produce 7 million mt of iron ore, an increase of 15 percent compared to the second quarter.
 
As previously reported by SteelOrbis, NMDC's iron ore export volume to Japan and South Korea is expected to be 1.4 million mt in the 2011-12 financial year (started April 1), down from 2.56 million mt in the previous financial year. The iron ore output of NMDC accounts for about 15 percent of India's total iron ore output.