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Friday, May 27, 2011

Iron ore exports from Goa highest in 2010-11

May 27, 2011, 02.39 am IST | TNN

PANAJI: The mining industry in Goa may have had a bad patch in the past year with agitations by locals and transporters and a ban on transportation of ore by Karnataka, but iron ore exports from Goa were the highest ever at over 54 million tonnes.

"In the financial year 2010-11, Goa's export of iron ore has been the highest so far," Goa mineral ore exporters' association (GMOEA) executive director S Sridhar told TOI.

The final figures are still being tabulated but exports are to the tune of more than 54 million tonnes, he said. The figure has proved wrong analysts who had said the ban by Karnataka on transportation of iron ore to Goa, would affect exports.

From Goa, iron ore is exported to various countries but the maximum goes to China. The other countries which import iron ore from Goa include Japan, Korea, and some European countries. Ore is exported in the form of lumps, fines and pellets.

Despite problems faced by the industry, exports increased. "The high demand for low grade ore from China helped our exports go high," Sridhar said.

On an average, low grade iron ore exported to China was of Fe 52% content though iron ore fines of Fe 48% were also exported. The ore is made marketable after undergoing a processing technology available in China. The state government earned a royalty of more than 900 crore, sources said.

The mining season saw uprisings by locals, closure of some mines, strike by ore transporters, rise in export duty imposed by the Central government and an attack on activist Nilesh Gaonkar at Verna earlier this month.

Condemning the assault on Gaonkar, GMOEA president Shivanand Salgaocar had urged the government to spare no efforts in identifying the culprits and to ensure they get the highest possible punishment.

He hoped no mining company operating in Cavrem is involved in the incident. "Differences in opinion exist in every society or group of people, but in a civilized society like ours, these disagreements have to be resolved through mutual discussions or through due judicial or administrative process," Salgaocar said. (sourced TimesofIndia)

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