Renewal of mining leases may unexpectedly benefit stateowned NMDC

摘要

The state-owned National Mineral Development Corp (NMDC) might unexpectedly benefit from possible mining disruptions in March 2020 when a number of merchant mining leases with combined production of 50- 70 million tonne (mt) are due for renewal. While the management may not explicitly bid for new licenses, the event is a “golden opportunity” for the company to permanently enhance its mining share in domestic iron ore production, which “it inadvertently missed in 2012-13,” ICICI Securities said in its latest research report on the mining company.