Issues with Karnataka govt sorted, Donimalai mines to restart soon: NMDC

NMDC's Q3 earnings came in above estimates owing to higher than expected realisations and lower costs.

CNBC-TV18’s Nigel D'Souza spoke to Sumit Deb, CMD of the company, and asked him when operations at the Donimalai mine will restart. “The state government had raised some issues consequent to our starting of the mines. We have discussed with them and we have sorted out those issues. We are very hopeful and we should be able to restart in couple of days’ time,” Deb said.

“Our guidance was of 2 million tonnes in the Q4 but we almost have lost January, in the balance period we definitely look at some contribution - around a million definitely from Donimalai.”