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

National Mineral Development Corporation’s (NMDC) production increased to 3.13mn mt, up by 1pc in December 2019 from the year prior. The company’s sales increased to 3.04mn mt, up by 7pc in the period. 


 NMDC’s iron ore production in Apr-Dec 2019 rose to 22.01mn mt, up by 1pc from the year prior and their sales increased to 23.03mn mt, up by 4pc during the period. 


Chhattisgarh contributed to around 73pc of their ore production followed by Karnataka which produced 5.97mn mt or 27pc of the total in the Apr-Dec period last year. 


NMDC plans to ramp up their annual capacity to 10mn mt from the present 7mn mt and has obtained an approval from the Indian Bureau of mines under Ministry of Mines on Dec 18. 

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