Moneycontrol
Apr 24, 2012 09:43 PM IST | Source: Reuters

Iron ore output to resume in Karnataka: minister

Iron ore output in Karnataka will likely resume in July, Mines Minister Dinsha Patel said on Tuesday, after what will have been a year's hiatus due to a government and judicial crackdown on illegal operations.

Iron ore output to resume in Karnataka: minister

Iron ore output in Karnataka will likely resume in July, Mines Minister Dinsha Patel said on Tuesday, after what will have been a year's hiatus due to a government and judicial crackdown on illegal operations.


Patel said initial production from the southern state would go to local steel mills, but a resumption of mining means the world's third-biggest supplier of iron ore could hope to regain its USD 6 billion, 100 million tonnes average annual exports, mainly to China, in 2012/13.

"In two to three months mining should happen, I believe the problem will be resolved by July," Patel told Reuters in an interview, adding exports from Karnataka should then follow. He did not give a timeframe for such shipments.

Sections
Follow us on
Available On