-Indian state-run iron ore producer NMDC Ltd. (526371.BY)...

-Indian state-run iron ore producer NMDC Ltd. (526371.BY) is
likely to raise prices by 50-55% for buyers who have long-term contract agreements, the
DNA newspaper reported Wednesday, citing a company executive it didn't identify.
NMDC would stand to gain as it sells 95% of its iron ore production through long-term
contracts, the report said.
"The rise in prices would be certain given the international trend of prices of
iron ore from Brazil and Australia, the two largest global producers," the report
quoted the company executive as saying.

Newspaper Web site: http://www.dnaindia.com