The export of iron-ore is presently under Open General License (OGL). High-grade iron-ore (+64% Fe) is canalized through MMTC. Exports are determined by availability and international market situations.

 Government has Long Term Agreements for supply of high grade iron-ore to Japan and South Korea through MMTC. A proposal for renewal of LTAs (for 3 years w.e.f 1.4.2015) is under way. Negotiations on quantity to be supplied and price thereof, shall commence after approval of renewal of LTAs. Iron-ore exports to Japan and South Korea under the LTA are largely made from NMDC mines in Bailadila, Chhattisgarh.

 This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.

Export regulation of iron-ore remains under open general license; high-grade shipments canalized through state trading and LTAs to be renewed. Export of iron ore is regulated under an Open General License, with high grade ore canalized through the nominated trading channel and exports determined by availability and international market conditions. The government maintains long term supply agreements for high grade ore; renewal proposals are under consideration and negotiations on quantity and price will commence after approval of any renewals. Exports under these arrangements are sourced from identified domestic mining production and subject to approved allocations.