In a bid to consolidate sustained exports, state-run iron ore miner, NMDC Limited has floated an expression of interest (EoI) seeking to empanel overseas buyers, actual users and traders, company sources said on Friday, July 14.
The sources said that the empaneled buyers will be eligible to get iron ore lumps and fines, from NMDC’s Donimalai mines in southern state of Karnataka, from any Indian port on FOB basis.
Eligibility criteria to be empaneled has been set at minimum net worth of $10 million for importer with minimum annual turnover of $100 million.
It might be noted that the country’s largest iron ore producer stopped all exports of the raw material from the country in 2021, when long term supply contracts under bilateral agreements between India and South Korea and Japan were terminated.