NMDC re-starts iron ore mining

June 16, 2008

June 16th (Sify) – NMDC Ltd re-started operating three iron ore mines on Friday night, nine days after Maoist rebels blew up power transmission towers, a company source said on Monday.

The state-run miner, which supplies ore to local and Japanese buyers such as Nippon Steel and JFE Steel Corp, expects a total production loss of 400,000 tonne to 450,000 tonne during the stoppage.

“The mines are fully operational now,” said the official who did not want to be identified. “It translates into a loss of about Rs 10-12 crore ($2.3-2.8 million) each day.”

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