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| NMDC re-starts iron ore mining
Last Updated: 2008-06-16 16:57:15
Mumbai: NMDC Ltd re-started operating three iron ore mines on Friday night, nine days after Maoist rebels blew up power transmission towers, a company source said on Monday.
The state-run miner, which supplies ore to local and Japanese buyers such as Nippon Steel and JFE Steel Corp, expects a total production loss of 400,000 tonne to 450,000 tonne during the stoppage.
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"The mines are fully operational now," said the official who did not want to be identified. "It translates into a loss of about Rs 10-12 crore ($2.3-2.8 million) each day."
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The three affected mines produce about 23 million tonnes of iron ore a year and are situated 300 km south of Raipur.
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