Iron ore production to touch 185 MT in 2017-21
The Dollar Business Bureau Since the lifting of the mining ban in the three iron-ore rich states of India, Odisha, Karnataka and Goa, India's iron ore production has increased. It is estimated that by 2021 it could touch 185 million tonnes (MT). According to a Fitch Group research company, India’s iron ore production quantity will touch 185 MT in 2021 from 136 MT this year. It should be recollected that mining in all the three states was at its peak between 2000 and 2012, a time when iron-ore powder from Goa was shipped to meet the steel needs of Beijing Olympics in 2008 and India’s iron ore exports to other countries too flourished. It was also during this period that environmental, land-lease and ...
'Ban on iron-ore mining in KTK hurts mining sector'
The Dollar Business Bureau Impact of ban on iron ore mining in Karnataka affects downtrend steel industry With the current domestic requirement of 35 million tonnes per annum (MTPA), iron ore reserves in Karnataka wouldn’t last more than 20 years, ASSOCHAM said in a study. “Though Karnataka’s iron ore resources are over 9,000 million tonnes (MT), its reserves are only 750 MT i.e. a mere 8% of its resources, as such more needs to be done to create higher reserves so as to ensure the longevity of the industry in the state,” said the Associated Chambers of Commerce and Industry (ASSOCHAM). The study titled ‘Mining in Karnataka: Enhancing Production’ highlights the impact of banning mining of iron ore and says ...
