SAIL sells 2.16 million mt of iron ore fines on open market after relaxation of rules

Thursday, 28 January 2021 14:13:13 (GMT+3)   |   Kolkata
       

Following permission for free commercial sale from its captive mines, Indian state-run Steel Authority of India Limited (SAIL) has sold 2.16 million mt of fresh iron ore fines on the open market during the current financial year, a company statement said on Thursday, January 28.

According to the company, it sold 300,000 mt of dump fines and tailings during the April-December period of 2020.

The sales were through e-auction and pursuant to the government’s objective contributed to alleviating the iron ore shortage in the market, the company said.

The steel producer has also completed construction of a new road network connecting its Bolani captive iron ore mine, which will facilitate transportation and the offering of more volumes for sale on the open market, the company statement said.


Most Recent Related Articles

India’s coking coal imports down 6.75% in Apr-Febr, fall rate slows further

India’s NMDC records 19 percent rise in iron ore output in February

Resumed operations at three Indian iron ore mines to ease supply shortage

India’s NMDC resumes operations at Donimalai iron ore mines

India’s NMDC cuts iron ore prices after five rounds of increases