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NMDC raises lump ore rate by Rs 150 a tonne

Press Trust of India  |  New Delhi 

Country's largest today said it has raised the price of lump ore by Rs 150 to Rs 3,050 per tonne.

The rate of fines was also hiked by Rs 100 to Rs 2,660 per tonne.

On April 18, the state-run firm had fixed the rate of lump ore at Rs 2,900 per tonne and of fines at Rs 2,560 per tonne.

The new rates are with effect from May 23, 2018, said in a BSE filing.

The current prices exclude royalty, DMF (District Mineral Fund), NMET (National Mineral Exploration Trust), cess, forest permit fee and other taxes, it said.

is the main ingredient for making produces about 30 million tonne of from three fully mechanised mines.

The company is involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 23 2018. 19:05 IST