ore mining India's NMDC Ltd (NMDC.BO: Quote , Profile , Research ) re-started operating three iron ore mines on Friday night, ninedays after Maoist rebels blew up power transmission towers, acompany source said on Monday. The state-run miner, which supplies ore to local and Japanesebuyers such as Nippon Steel (5401.T: Quote , Profile , Research ) and JFE Steel Corp (5411.T: Quote , Profile , Research ), expects a total production loss of 400,000 tonne to 450,000tonne during the stoppage. "The mines are fully operational now," said the official who didnot want to be identified. "It translates into a loss of about100-120 million rupees ($2.3-2.8 million) each day." The three affected mines produce about 23 million tonnes of ironore a year and are situated 300 km (190 miles) south of Raipur, thecapital of central state of Chhattisgarh.
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