India’s leading iron ore producer and exporter, National Mineral Development Corporation (NMDC), has announced a price hike of INR 440 (USD 5.1) per ton, according to a stock exchange filing.
The revised prices are now set at INR 6,440 (USD 76) per ton for lump ore (65.5pct grade, 10-40 mm) and INR 5,500 (USD 64.9) per ton for fines (64pct grade, 10 mm).
The updated prices include royalty, DMF (District Mineral Foundation), and NMET (National Mineral Exploration Trust), but exclude cess, forest permit fees, transit charges, GST, environmental levies, and other applicable taxes.
With operations spanning three fully mechanized mines, two in Chhattisgarh and one in Karnataka, NMDC collectively produces approximately 35 mln tons of iron ore, cementing its status as a key player in India’s iron ore sector.
1 USD / 84.6 INR