August 13,
The country’s largest iron ore exporter, Sesa Goa, has cut mining output in Karnataka by 70 per cent since the state government banned any outgo of iron ore a month ago.
A part of the Vedanta group, it has 6 MT of iron ore mining capacity in Karnataka. This year, the company had planned to raise output to 5 MT, due to high export potential to China which is hard to achieve after the ban.
Not only Sesa Goa, all 75-80 miners in the state have cut output heavily due to high stockpiling of Iron ore after the ban.
But in contrast, public sector NMDC Ltd has not cut any mining output at its Donimalai mine in the state, which is operating smoothly despite the state government’s action. Analysts attribute it to the company’s focus on domestic supplies.
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