The iron ore crisis at KIOCL Limited will soon be discussed by chief minister Siddaramaiah and officials in Bengaluru. Employees expect the government to arrive at a favourable decision on allotment of mining land for the company in the state.
Atlas Iron is targeting further savings after revealing it sold iron ore at a loss during the December quarter, selling for an average price of $63 per tonne compared to an all-in cash cost of $66 a tonne.
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