NMDC Ltd reports 3.8% increase in iron ore sales

KOLKATA: NMDC Limited, one of the country’s largest domestic miners, has achieved cumulative sales of 23.03 million tonne (mt) of iron ore in April-December 2019 from its mines at Chhattisgarh and Karnataka, a 3.8% increase over cumulative iron ore sales of 22.18 mt in April-December 2018.

The state-run miner posted a marginal 0.7% rise in production of iron ore up to the month of December 2019 (Apr-Dec’ 2019) at 22.01 mt, compared to a production of 21.85 mt in the same period last year.

While NMDC’s Chhattisgarh mines contributed 17 mt to sales in April-December 2019, the company’s Karnataka mines contributed another 5.73 mt to overall sales during the period. Against this, in the same period last year, NMDC’s Chhatisgarh mines had accounted for 15.95 mt in sales against 6.23 mt from mines in Karnataka. The company provided provisional figures for monthly sales and production in December 2019 and cumulative sales and production figure for the April-December 2019 period in an official notification to the BSE on Wednesday.

NMDC said its monthly sales of iron ore touched 3.04 mt in December 2019 against 2.84 mt in December 2018 while production touched 3.13 mt during December 2019 compared to 3.10 mt in December 2018. The public sector mining major, which has been in the business of mining iron ore for over six decades, operates three iron-ore complexes in the country producing about 33 mtpa. While two of these complexes are in Dantewada district of Chhattisgarh, the other one is located in Ballari district of Karnataka. Last month, the Indian Bureau of Mines (IBM), under the union mines ministry, approved NMDC’s mining plan to enhance production of Kumaraswamy Iron Ore Mines from present level of seven million tonne per annum (mtpa) to 10 mtpa in 2020-21 and 2021-22. The move followed close on heels of NMDC obtaining extension of four mining leases in Chhattisgarh.

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