NMDC ltd will soon carry out e-Auction of iron ore produced from its Bailadila sector mines in Dantewada district of Bastar in Chhattisgarh.
NMDC is presently producing about 20 million tonnes of iron ore per annum from its Bailadila sector mines, officials stated.
Because of its excellent chemical and metallurgical properties, the calibrated ore from Bailadila deposits has substituted the iron ore pellets in sponge iron making and hence became an important raw material for three major gas-based sponge iron steel producers like Essar Steel, Ispat industries and Vikram Ispat, officials stated.
Over the years, NMDC has made a huge impact on the socio-economic emancipation of the people, especially in the remote villages of Bailadila, through a host of CSR initiatives in the areas of medicare, education, skill training, infrastructure, drinking water, etc., through focussed interventions and also integrated development of villages.
Notably, NMDC had recorded iron ore production (provisional ) of 5.91 million tonnes (MT) from its mines in Chhattisgarh as on August 31, 2015.
The company informed this to the Bombay Stock Exchange (BSE) in its filing while offering details on production and sales of iron ore (provisional) upto the month of August this year from its mines in Chhattisgarh and Karnataka.
NMDC from its mines in Karnataka recorded iron ore production of 4.61 million tonnes during the aforesaid period. The total iron ore production from the company’s mines in Chhattisgarh and Karnataka during the aforesaid period stood at 10.52 million tonnes, it informed the BSE.
Notably, the company has commenced trial production from its new project ‘Bailadila Iron Ore Deposit 11B’ in Bastar region of Chhattisgarh.
The Union Cabinet chaired by the Prime Minister Narendra Modi in September last year had earlier given its approval to renew long Term Agreement with Japanese and South Korean Steel Mills for supply of high grade Indian iron ore during the three year period from April 2015 to March 2018, officials stated.
The Iron ore of higher grade have been supplied by India to Japan and South Korea under lTA during the last four to five decades. These agreements will help continue this relationship and strengthen Indo-Japanese collaboration in several areas of mutual interest, including technology transfer, joint venture, investment, etc, officials stated.
The Central Government has lTAs signed for supply of high grade iron-ore to Japan and South Korea through MMTC ltd. Nearly 23.24 per cent of the country’s iron-ore reserve are situated in Chhattisgarh, and a major part of this reserve is found in Bailadila(Dantewada) and Rowghat.