Odisha: Iron Ore Production Up 13% in Nov’18

Odisha – India’s largest iron ore producing state has recorded Nov’18 production at 10.4 MnT, up 13% as compared to Oct’18 production at 9.21 MnT, according to the provisional data of Odisha Govt. maintained by SteelMint. The figures include the type of material – fine, lump, and concentrate.

On yearly basis, Nov’18 production increased 14% as against Nov’17 production at 9.11 MnT.

Domestic Iron ore prices have dropped upto 34% in last 2 months on supply pressure. Fines prices have come down by 34% while lump prices have come down by 25%. Key merchant miners in Odisha are looking at scaling up their iron ore production in order to utilize their remaining Environmental Clearance (EC) approved for the financial year 2019 (Apr 2018 – Mar 2019)

Rungta Mines – India’s largest private merchant miner produced 2.2 MnT iron ore from its mines in Odisha in Nov’18, up 12% M-o-M as against 1.97 MnT in Oct’18.

Tata iron ore production stood at 1.15 MnT and SAIL at 0.84 MnT (down 2% on monthly basis).

Iron ore production of state-owned miner- OMC marked significant rise by 29% at 0.94 MnT for the month as against 0.73 MnT in Oct’18.

Serajuddin production up significantly by 84% to 0.79 MnT as against 0.43 MnT in Oct’18. There has been an increase in monthly production of Serajuddin mines as it has started operations at another pit which was closed for quite some time.

KJS Ahlualia and AMTC recorded significant increase in production for the month at  0.56 MnT and 0.34 MnT respectively.

Odisha Mine-wise Iron Ore Production:

Source: Govt. of Odisha
Provisional data
Quantity in MnT