NMDC reports 15.09 MT production of iron ore up to October 2015

NMDC has reported 15.09 million tonnes (MT) of iron ore production and logged sales volume of 15.73 MT up to October 2015. The iron ore major stated that the company’s Chhattisgarh mines produced 8.59 MT and registered sales volume of 8.89 MT and Karnataka mines produced 6.5 MT and sold 6.83 MT up to October 2015.

The mining company has announced that lump ore prices have been fixed at Rs 2,400 WMT (wet metric tonne) and fines at Rs 1,560 WMT respectively with effect from November 03, 2015. The above prices are excluding royalty, taxes, duties and levies.

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.