| Date: |
25-04-2012 |
| Subject: |
Iron ore production to resume in Karnataka: minister |
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New Delhi: 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 $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 said in an interview, adding exports from Karnataka should then follow. He did not give a timeframe for such shipments.
Source : firstpost.com
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