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Cabinet approves supply of iron ore to Japan and South Korea

The government has renewed the long term agreements for supply of iron ore to Japan and South Korea through MMTC Limited

BS B2B Bureau  |  New Delhi 

The Cabinet has given its approval to renew long term agreement with Japanese and South Korean for supply of high grade Indian iron ore, during the three year period from April 2015 to March 2018.
 
The quantities covered under the agreement will be in the range of 3.8 million tonnes to 5.5 million tonnes per year, and will be supplied primarily from the mines of the National Mineral Development Corporation (NMDC). The contract will be executed by the Metals and Minerals Trading Corporation of India Limited (MMTC) under the Department of Commerce.
 
of higher grade have been supplied by India to Japan and South Korea under long term agreements during the last four to five decades. “These agreements will help continue this relationship and strengthen Indo-Japanese collaboration in several areas of mutual interest, including technology transfer, joint venture, investment, etc. The agreement will also help utilise surplus production of currently available in India,” said the government in a press release.

First Published: Fri, June 26 2015. 17:25 IST
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Cabinet approves supply of iron ore to Japan and South Korea

The government has renewed the long term agreements for supply of iron ore to Japan and South Korea through MMTC Limited

The government has renewed the long term agreements for supply of iron ore to Japan and South Korea through MMTC Limited The Cabinet has given its approval to renew long term agreement with Japanese and South Korean for supply of high grade Indian iron ore, during the three year period from April 2015 to March 2018.
 
The quantities covered under the agreement will be in the range of 3.8 million tonnes to 5.5 million tonnes per year, and will be supplied primarily from the mines of the National Mineral Development Corporation (NMDC). The contract will be executed by the Metals and Minerals Trading Corporation of India Limited (MMTC) under the Department of Commerce.
 
of higher grade have been supplied by India to Japan and South Korea under long term agreements during the last four to five decades. “These agreements will help continue this relationship and strengthen Indo-Japanese collaboration in several areas of mutual interest, including technology transfer, joint venture, investment, etc. The agreement will also help utilise surplus production of currently available in India,” said the government in a press release.
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Business Standard
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Cabinet approves supply of iron ore to Japan and South Korea

The government has renewed the long term agreements for supply of iron ore to Japan and South Korea through MMTC Limited

The Cabinet has given its approval to renew long term agreement with Japanese and South Korean for supply of high grade Indian iron ore, during the three year period from April 2015 to March 2018.
 
The quantities covered under the agreement will be in the range of 3.8 million tonnes to 5.5 million tonnes per year, and will be supplied primarily from the mines of the National Mineral Development Corporation (NMDC). The contract will be executed by the Metals and Minerals Trading Corporation of India Limited (MMTC) under the Department of Commerce.
 
of higher grade have been supplied by India to Japan and South Korea under long term agreements during the last four to five decades. “These agreements will help continue this relationship and strengthen Indo-Japanese collaboration in several areas of mutual interest, including technology transfer, joint venture, investment, etc. The agreement will also help utilise surplus production of currently available in India,” said the government in a press release.

image
Business Standard
177 22