Odisha – India’s largest iron ore producing state recorded production at 6.18 mn t, up 15%, as against 5.37 mn t in Apr’20, according to the provisional data of Odisha Govt. maintained by SteelMint. The figures include the type of material – fines, lump, and concentrate.
*Tata Steel stood the largest iron ore producer for the month at 1.49 mn t, up 8% on a monthly basis as against 1.37 mn t in Apr’20.
*Sarda mines recorded production at 1.20 mn t for the month (May’20), up significantly against 0.54 mn t in Apr’20.
*OMC output recorded at 1.08 mn t, a rise of 18% as compared to 0.92 mn t in Apr’20.
*Rungta Mines – India’s largest private merchant miner produced 0.54 mn t iron ore in May’20. The production recorded an increase of 23% as compared to 0.44 mn t a month ago in Apr ’20.
Few major miners such as Serajuddin and Rungta mines (Jajang) whose leases expired by 31 Mar’20 halted their production. Stocks of high-grade ore have tightened in Odisha as successful bidders of auctioned mining leases are yet to start production. Some of the auctioned leases are tied up in litigation. Signing of a mining development plan and initial payment for acquisition of mining leases are likely to be completed in early July after which mining companies are expected to start operations.
Odisha Mine-wise Iron Ore Production: May’20 vs Apr’20
Odisha’s Badampahar iron ore mine was put to auction yesterday (30th June’20). GM Iron and Steel bagged the mine at 95.15% premium, as per sources.
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