NMDC drops 6% after Chhattisgarh govt halts mining amid protests

Nearly 70 percent of NMDC's sales came from Chhattisgarh mines in FY19

The decision comes after thousands of tribals staged protest in NMDC’s Bacheli-Kirandul complexes, under the banner of the Sanyukta Panchayat Samiti.

Nearly 10,000 tribals resorted to indefinite strikes demanding a ban on mining in the hill (reserve) that houses their deity.

The operations in the mines have now been shut for a couple of days. Nearly 70 percent of NMDC's sales came from Chhattisgarh mines in FY19.

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