Operations at NMDC Donimalai mine to improve domestic iron ore supply: Experts
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Last Updated: Feb 21, 2021, 04:55 PM IST
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Resumption of mining operations at the Donimalai mine will improve iron ore supply in the country and help ease prices of the key steel making raw material, experts say.
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Resumption of mining operations at the Donimalai mine will improve iron ore supply in the country and help ease prices of the key steel making raw material, experts say. Mining at NMDC s 7-million tonnes per annum (MTPA) Donimalai mine in Karnataka resumed from Thursday. After remaining closed for over two years, the country s largest iron ore miner company was able to resume operations following the necessary permission and clearances from the Karnataka government.
NMDC share rises 3% as firm resumes work at Donimalai mine
The public sector enterprise resumed production of iron ore in Donimalai after it suspended mining in December 2018, due to a legal battle with the Karnataka government over the issue of imposition of premium on the sale price of the iron ore
BusinessToday.In | February 19, 2021 | Updated 13:23 IST
NMDC stock is trading higher than 5, 20, 50, 100 and 200-day moving averages. The stock rose 7.9% in the last 4 days
NMDC share was trading 3% higher in Friday s volatile session after the state-owned company resumed production of iron ore from Donimalai mine in Karnataka.
The public sector enterprise resumed production of iron ore in Donimalai after it suspended mining in December 2018, due to a legal battle with the Karnataka government over the issue of imposition of premium on the sale price of the iron ore.