NMDC Iron Ore Production in June 2024 Sees Slight Decline
NMDC released its June figures for production and sales of iron ore across its mine, which shows a slight decline in both sales and production.
by Damodharan N
Updated Jul 02, 2024
In Chhattisgarh, NMDC produced 2.21 million tonnes (MT) of iron ore in June 2024, a decrease from 2.29 MT in June 2023. However, sales in the state saw an increase, rising from 2.55 MT last year to 2.68 MT this year. For the first six months of 2024, Chhattisgarh's production reached 5.83 MT, down from 7.38 MT in the same period in 2023, while sales decreased from 7.85 MT to 7.33 MT.
Karnataka showed a slight decrease in production, from 1.19 MT in June 2023 to 1.16 MT in June 2024. Sales in Karnataka dropped more significantly, from 1.55 MT to 1.05 MT. However, the state saw a marginal increase in cumulative production, from 3.32 MT in the first half of 2023 to 3.36 MT in 2024, while cumulative sales fell from 3.30 MT to 2.74 MT.
Overall, NMDC's total iron ore production for June 2024 stood at 3.37 MT, a decrease from 3.48 MT in June 2023. Sales for the month dropped from 4.10 MT to 3.73 MT. For the first half of 2024, cumulative production totaled 9.19 MT, down from 10.70 MT in the same period last year, and cumulative sales decreased from 11.15 MT to 10.07 MT.
These figures reflect the current challenges in the mining sector, highlighting the need for strategies to boost production and sales in the upcoming months.
Read the full Release Here
NMDC Limited
NMDC Limited, a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India, is the largest producer of iron ore in the country. Known as "Miners to the Nation," NMDC has built a legacy of responsible mining over six decades.
The company operates four mechanized iron ore mines: the Kirandul and Bacheli complexes in Chhattisgarh, and the Donimalai and Kumaraswamy mines in Karnataka. NMDC is also the only organized producer of diamonds in India, with its Majhgawan mine in Panna, Madhya Pradesh.
The company's success is driven by its dedicated employees, modern facilities, and best-in-class practices, fostering a culture of competency-led successions and technology-driven growth.
NMDC Iron Ore Production in June 2024 Sees Slight Decline - FAQs
1. What did NMDC report for June 2024?
A slight decline in iron ore production and sales.
2. How much iron ore did NMDC produce in Chhattisgarh in June 2024?
In Chhattisgarh June 2024 iron ore production stood at 2.21 million tonnes (MT).
3. Did sales in Chhattisgarh increase or decrease?
The Sales in Chhattisgarh increased from 2.55 MT to 2.68 MT.
4. What was the production in Karnataka for June 2024?
The production in Karnataka for June 2024 is 1.16 million tonnes (MT).
5. How did sales in Karnataka change in June 2024?
The Sales in Karnataka decreased from 1.55 MT to 1.05 MT.
6. What was NMDC's total iron ore production in June 2024?
NMDC's total iron ore production in June 2024 was 3.37 million tonnes (MT).
7. How much were NMDC's total iron ore sales in June 2024?
NMDC's total iron ore sales in June 2024 was 3.73 million tonnes (MT).
8. How did cumulative production change for the first half of 2024?
It decreased from 10.70 MT to 9.19 MT.
9. What was the cumulative sales change for the first half of 2024?
The cumulative Sales decreased from 11.15 MT to 10.07 MT.
10. What do these figures indicate for NMDC?
These figures indicate the Challenges in the mining sector and the need for strategies to boost production and sales.