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Iron ore production in the country is projected to touch a record high of 225 million tonnes (mt) in 2019-20 as merchant miners look to ramp up output at their mines headed for expiry by March 31, 2020.
Iron ore output is estimated at 210 mt this fiscal ending in next March and climbing to 225 mt in FY20. ICRA expects that in largest ore producing state Odisha, production could rise by 10 per centas 17 mines’ lease held by merchant producers are lapsing by March 2020. Together, these mines have an approved capacity to mine 66 mt of
Iron ore output is estimated at 210 mt this fiscal ending in next March and climbing to 225 mt in FY20. ICRA expects that in largest ore producing state Odisha, production could rise by 10 per centas 17 mines’ lease held by merchant producers are lapsing by March 2020. Together, these mines have an approved capacity to mine 66 mt of
