Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

India’s National Mineral Development Corporation (NMDC) has resumed mining operations at Bacheli iron ore complex after a brief halt in operations amid difference with the state government over licenses for its loading plants. The operations at the complex were suspended on June 11 and they resumed on June 13. Work was halted at the plant as state officials were carried out measurement and survey of the area. NMDC has received demand notice from the state government levying storage fee for the loading plants. 


Earlier in 2013, NMDC paid the demand amount and filed a writ petition in the Bilaspur High Court challenging the notice. The company claims that the loading plants are located in the mining complex and is on the land acquired by NMDC. The court had ruled against the state and directed it to adjust the levying against royalties.  


The company seek to amicably resolve the issue with the state authorities.


Bacheli mine produces 12mn mt of iron ore, which accounts for 40pc of NMDC’s total annual output of 33mn mt.


Leave a Reply

Your email address will not be published.