 "iron ore mining, mining, iron ore")
The closure of several large iron ore mines in Odisha for non-payment of the penalty imposed for excess mining over the past decade has put ore prices on fire. The uncertainty of availability has encouraged another big supplier, central government-owned NMDC, to raise its prices sharply.
Between October 2017 and the present, merchant miners in Odisha have raised the price of iron ore lump by 49 per cent and of fines by 59 per cent. In this period, NMDC increased the price by 35 per cent for lumps and eight per cent for fines. With Odisha and NMDC together
