Posted on 18 Jul 2023
Following a two-year pause in iron ore exports, Indian state-run miner NMDC has floated an expression of interest to attract buyers for iron ore export deals, Kallanish notes from NMDC’s tender release.
According to the miner, the incoterm for exports will be free on board from any Indian port. The tender forms are available from 13 July and the last date for submission is 14 August.
Following the termination of the long-term supply pact between India and Japan and South Korea, NMDC paused exports of iron ore in 2021.
NMDC has mines in Chhattisgarh and Karnataka states. Its iron ore output surged 35% on-year to 3.48 million tonnes in June against 2.57mt produced a year earlier. Meanwhile, the miner’s deliveries soared 116% to 4.1mt during the period (see Kallanish passim).
NMDC’s Chhattisgarh mine production rose 18% in June to 2.29mt, against 1.94mt produced last year. Sales surged 61% to 2.55mt. Karnataka-based mine production and sales grew 89% and 384% respectively to 1.19mt and 1.55mt.
The firm’s cumulative production and sales increased by 20% and 46% respectively in April-June to 10.7mt and 11.15mt.
Source:Kallanish
