KIOCL TO EXPORT PELLETS & CONCENTRATE TO CHINA

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The Kudremukh Iron Ore Company Ltd. (KIOCL) has produced 1.235 million tonnes of concentrate and 0.949 million tonnes of pellets during the first quarter of this fiscal. It has despatched by ship 5.8 lakh tonnes of concentrates and 9.24 lakh tonnes of pellets during this period.

The company has recently bagged the Greentech Industrial Safety Award. It has also concluded a new contract with M/s Femery Resources Ltd of China for supply of 1.5 lakh tonnes of concentrate, 6 lakh tonnes of pellets and 0.3 lakh tonnes of pellet chips during the current financial year. Ms Baosteel one of the leaders in trading iron ore concentrate in China has also signed a contract for purchase of iron ore concentrate.