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23 Feb
12:24

Indian iron ore mining restrictions removal seen 'crucial'

Indian iron ore demand should be healthy in the medium-term due to increased steel consumption resulting from government infrastructure spending, as well as growth in end-user sectors such as automotive. This is according to India Ratings and Research (Ind-Ra). NMDC aims to increase iron ore output by 20 million tonnes over fiscal years (FYs) 2018-2022. The firm is pursuing new iron ore deposits through auction and the government reservation route. Its nine-mont…
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