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Not only handling the export of primary products such as coal, iron ore, and manufactured agro and industrial products, MMTC also imports important commodities such as ferrous and nonferrous metals for industry, and agricultural fertilizers.MMTC's diverse trade activities cover Third Country Trade, Joint Ventures and Link Deals and all modern forms of international trading.After Independence the government decided to authorize the mining of scarce mineral resources to the public sector rather than private sector, although India's National Mineral Policy clearly states that it does not "preclude the State from securing the co-operation of private enterprise in the larger interest of the State or with a view to accelerating the pace of development" Under the Constitution of India, mineral rights and authority of mining laws remain vested with the state governments.On the other hand, Central government regulates the development of minerals under the Mines and Minerals (Regulation) Act of 1957.With the rapid growth of the State Trading Corporation (STC) in its direct trading activities and in view of the importance given to the exports of mineral ores in the country's Five Year Plans, a decision was taken by the Government of India to split the STC and establish another corporation to deal exclusively with the trade in minerals and metals.
It is the largest international trading company of India and the first public sector enterprise to be accorded the status of Five Star Export Houses by Government of India for long standing contribution to exports Being the largest player in bullion trade, including retailing, MMTC's share was 146 tonnes of gold out of the total import of 600 tonnes of the precious metal in 2008-09.
Names for similar confections in other places include chocolate marshmallow pie, Variations of the original go back to as far as 1917 in the southern United States.
In 1929, Chattanooga Bakery created the Moon Pie with marshmallow filling and Graham crackers for local miners in Chattanooga, Tennessee.
Exports of choco pies to North Korea have been very popular, with the snack used in lieu of hard cash in paying North Korean Worker bonuses.
North Korean workers at the Kaesong Industrial Complex in North Korea receive choco pies as part of their compensation.