MMTC, India's biggest trading company, has issued a tender to seeking overseas buyers for iron ore from Goa state, which a company marked its entry into the low-grade ore business as mining picks up in the country. The company’s tender invited 'empaneled buyers' for iron ore in batches of about 60,000 tonnes, it would reach out to the company once a 'shippable lot is organised'. The entry of state-run company, which used to only export high-quality iron ore, could boost shipments of lower grades and coincides with Goa restarting its mining industry.
MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.
