01
Nov
13:28
KIOCL to source 500,000t of Anglo American iron ore for Iran pellet sales
KIOCL has reached an understanding with Anglo American to source 500,000 tonnes of 67.2% Fe grade iron ore from Anglo’s Brazilian mines, the Indian state-owned iron ore pellet producer indicates on its website. This ore will be used to produce pellets for export to Iranian direct reduced iron plants.
Shipments to Iran, the first from KIOCL since 2005, will initially total 1 million tonnes/year. The Indian firm is currently in talks to finalise an agreement…
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