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NMDC to double iron ore production to 60-65 mt in 2018-19: Report

03 Dec 2014 Evaluate

National Mineral Development Corporation (NMDC), India’s top iron ore miner, is reportedly planning to double iron ore production from 30 million tonnes in FY14 to 60-65 million tonnes in 2018-19.  

Meanwhile, the company is also all set to open and develop new iron ore mines in Chhattisgarh and Karnataka next year, a move expected to boost steel production. The mine to be opened in the Bailadila sector in Chhattisgarh is in the Deposit-11 B Iron Ore Project while the one in Karnataka is part of the Kumaraswami Iron Ore Mines.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.

Peers
Company Name CMP
Coal India 425.00
NMDC 73.80
Ashapura Minechem 491.45
Sandur Manganese 177.05
GMDC 487.05
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