Question: What was the production of National Mineral Development Corporation(NMDC) during 2018-19?
(a) 32.44 MT
(b) 25.60 MT
(c) 18.30 MT
(d) None of the Above
Answer: (a)
Related facts:
- The country’s top iron ore producer NMDC(National Mineral Development Corporation) on 1st April, 2019,notified that it has surpassed 30 million tonne (MT) mark in production as well as sales in 2018-19, for third year in a row.
- NMDC has produced 32.44 MT and recorded sales of 32.38 MT iron ore during 2018-19.
Hurdles and Success:
- Good production and sales figures were recorded despite suspension of Donimalai mine operations for five months, no exports up till August 2018, high rainfall is Bailadila sector and poor off take in Karnataka in the first quarter.
- The company figured that it recorded highest ever monthly dispatches-37.95 LT (lakh tone) in March 2019 against previous best of 37.20 LT in January 2017 besides recording highest ever single day production of 1.91 LT (31st March, 2019) against previous best of 1.63 LT (28th March, 2019).
- NMDC asserted that the highest ever single day dispatches of 0.14 MT was recorded on 16th March, 2019, while the highest ever exploratory drilling of 16,071 meters was recorded in 2018-19.
- National Mineral Development Corporation (NMDC) is a Navratna CPSEs.
- Incorporated in 1958 as a Government of India fully owned public enterprises. NMDC is under the administrative control of the Ministry of steel, Government of India.
- NMDC is India’s single largest iron ore producer.
- Since inception involved in the exploration of wide range of minerals including iron ore, copper, rocks phosphate, Lime stone, dolomite, Gypsum, betonies, magnetite, diamond, tin, tungsten, graphite, beach sands etc.
Links:
https://www.business-standard.com/article/pti-stories/nmdc-surpasses-30-mt-output-sales-in-fy-19-119040101030_1.html
https://www.nmdc.co.in/Introduction.aspx