FLASH: NMDC's iron ore output, sales jump YoY in June

National Mineral Development Corporation Limited (NMDC), India's largest state-owned iron ore producer, produced 5.15 million tonnes of iron ore in June, logging a marked growth of 44.3% compared with the same month last year, the company's latest monthly production and sales report showed.

NMDC's iron ore sales last month also jumped 11.2% on year to reach 3.98 million tonnes, according to the report. On a monthly basis, however, the miners' iron ore production and sales declined by 3% and 1.5%, respectively. For the quarter ended June, or the first quarter of the company's