India's NMDC Donimalai Case Judgement Likely to be Out Today - Sources

According to market sources report to SteelMint, judgement on NMDC Donimalai mines issue is expected to be out today (10th July 2019) evening.

Towards the beginning of Nov'18, lease validity of NMDC's Donimalai iron ore mines in Karnataka ended following which operations at these mines were put to halt. However, Donimalai iron ore mines lease has been extended by the Cabinet of Karnataka Govt. w.e.f 04.11.2018 for the 20 years. NMDC Donimalai case was heard by the Karnataka High Court and it reserved the judgement till next hearing. Hence, amid reserved Judgement by High Court continued to remain iron ore production temporarily suspended.

NMDC Donimalai has EC limit of 7 MnT pa and produces around 6-6.5 MnT iron ore annually.