Meanwhile, in India's top iron ore producing state, Odisha, production of the mineral is almost totally stalled, til at least mid June- by......... paperwork delayed by the 50 day lockdown. After the article below was written, the total nation wide lockdown was extended by 10 days- from 40 to 50.
Odisha's production to fall by 20% in FY21. Odisha produces half of all IO in India.
The lockdown is expected to wipe 10% off India's annual production of IO. The indian FY runs from April 1 to March 31. Impacts on IO production will therefore be felt in FY 21.
The 10 day extension of the lockdown may cause additional delays.
The 50 day lockdown has eased the spread of the virus in India- but they are still in chaos.
https://www.bloomberg.com/news/articles/2020-05-14/india-s-50-day-lockdown-brings-misery-as-virus-numbers-surge
The article on the mining leases:
https://www.reuters.com/article/india-iron-ore-output/annual-output-from-indias-top-iron-ore-state-to-hold-up-despite-shutdown-official-idUSL4N2BQ2OV
Meanwhile, in India's top iron ore producing state, Odisha,...
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