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Ministry, miners oppose MMTC move to route all iron-ore trade through it

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  • “MMTC with its monolithic structure and monopolistic mindset could not have risen to the occasion so fast and their performance till date shows they did not. What is surprising is that MMTC, a trading organization with all its capabilities, could not take advantage of the growing market whereas new and small traders had a flourishing business. To top this, other government companies like STC, PEC and even Spices Trading Corporation have entered this business and are doing well,” highly-placed sources in the Federation of Indian Mineral Industries (FIMI), the apex body of miners, reasoned.

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