Mining Behemoth

Size does matter, and this holds true for NMDC, India’s single-largest producer of iron ore by volume, which produces around 12 per cent of the total iron ore produced within the country. Being such a large producer puts NMDC in a strong negotiating position vis-a-vis buyers. This navaratna company has access to large proven and probable reserves of high-grade iron-ore, consisting principally of hematite ore. Its high-grade ore quality gives NMDC a strong competitive advantage and helps it command premium pricing and strong customer loyalty. The company’s cost of production compares favourably with that of the world’s leading iron-ore producers. It is seeking to furth