Friday, 08 Jul 2011
The Indian government has approved the proposal to renew the long term agreements and has authorized MMTC to supply iron ore, both lumps and fines, of grade +64% Fe content to Japanese steel mills and POSCO of South Korea for another 3 years ie 2011-2014) under long term agreements entered into by MMTC earlier.
The long term agreements entered into by MMTC during the year 2006-11 expired on March 31st 2011.
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