India: OMC to suspend iron ore dispatches from Daitari mines

Odisha Mining Corporation (OMC) is likely to stop the iron ore dispatches from its Daitari mines from tomorrow (1 Feb’24 onwards) as it is awaiting clarification for excess dispatch. Notably, Daitari mines have EC of 5 mnt for FY’24, out of which 4.968 mnt material was dispatched. Total production from OMC stood at 31 mnt in CY’23, up by 11% y-o-y.