INDIA EASES IRON ORE MINING BAN
September 1st, 2012
BY RAGHAVENDRA VERMA, IN NEW DELHI
05 September 2012
THE lengthy ban on iron ore mining in the Indian state of Karnataka has been partially lifted by the country's Supreme Court, a decision that could eventually increase annual supply in the domestic market by 4.5 million tonnes and soften prices.
Based on data from the government's Indian Bureau of Mines, Karnakata's output was up to ten times this before the ban which has been in force since July 2011, when the same court halted all mining activities in Karnataka's mines covering 10,868 hectares. This was ...
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