meerkat - you have been wrong in the past and you are wrong again
you said "India does not need iron ore" - lol you're kidding right?
http://www.miningweekly.com/article/nmdc-focuses-on-overseas-assets-2015-01-14
Clearly you do not do any research - NMDC needs produce 100mtpa of Fe by 2019 - 2010. They are currently producing only 30mtpa. They need to more than triple their production by 2019 - 2010.
Maybe come back and squeal again when you've done some reading.
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