Home SAIL allowed to sell 25% of annual iron ore output as India looks to avoid supply shortfall India has given the go-ahead to the state-owned Steel Authority of India (SAIL), to sell up to 7 million tonnes of iron ore annually , to maintain security of raw material supplies ahead of the expiration of 31 mining leases in the country next year. “The Ministry of Mines has allowed SAIL to offload in a year up to a quantity equivalent to [a] maximum [of] 25% of [the] total iron ore production in the previous year,” the ministry said this week. The decision is valid for two years and will be subject to clearance by the state governments where SAIL’s mines are located. As well... Email this article Your details Please enter your name Please enter your email address Please enter your email address Your recipients's details Please enter at least one recipients email address Please enter valid email address You can enter a maximum of 5 recipients. You can enter a maximum of 5 recipients. Use ; to separate email addresses. Please enter at least one recipients name Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Deepali Sharma September 18, 2019 12:38 GMT Singapore Keywords Steel Authority of India SAIL India iron ore India Ministry of MInes Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}