Steelmakers in Karnataka will be offered a total of 4,60,000 MT of iron ore through NMDC's e-auction on February 1 (Friday), from its Donimalai and Kumarswamy mines.
The total quantity (4,60,000 MT of Iron ore) includes 1,32,000 MT of iron ore fines, 1,00,000 MT of iron ore calibrated lumps, 80,000 MT of iron ore lumps and 48,000 MT of low grade iron ore fines.
From Donimalai mines: 1,80,000 MT of iron ore is to be e-auctioned, which includes 80,000 MT of iron ore lumps, 52,000 MT of iron ore fines and 48,000 MT of low grade iron ore fines.
From Kumarswamy mines: 2,80,000 MT of iron ore is to be offered, which includes 2,00,000 MT of iron ore calibrated lumps and 80,000 MT of iron ore fines.
Though, NMDC's total production capacity was increased from 242 lakh tons in 2005-06 to 320 lakh tons in 2007-08, its output was hampered due to evacuation constraints in Bailadila (Chhattisgarh).
NMDC Director (Finance) S Thiagarajan told PTI that the 13% fall in iron ore output during Arp-Dec 2012 is expected to be achieved at 272 lakh tons (last fiscals output) by end of current fiscal on account of better evacuation system in Bailadila (Chhattisgarh).
In Apr-Dec 12, output reduced to 175.56 lakh tons that was 202.79 lakh tons before a year.
Iron ore production by NMDC: 320 lakh tons in 2007-08, 285 lakh tons in 2008-09, 238 lakh tons in 2009-10, 252 lakh tons in 2010-11 and 272.6 lakh tons in 2011-12 (in 2011-12 – growth of 8% over 2001-11).
In December, NMDC's output improved by 8.5% to 22.34 lakh tons. Over 2001-11.
India has 285,260 lakh tons of proven reserves. NMDC's targeted output of 45 mt p.a by 2015-16 depends on development of Kumarswamy deposit and 11B deposit (which includes 15,650 lakh tons iron ore reserves) being developed in Chhattisgarh and Karnataka as on Mar 31, 2011.
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