Sunday, 21 Aug 2011
PTI reported that Indian union minister for commerce and industry Mr Anand Sharma ruled out a ban on iron ore exports, saying the surplus mineral must be exported.
Mr Anand said that "A considered view had been taken that the exports of iron ore must continue. India has enough surplus particularly of iron ore fines.”
He added that domestic industry largely uses iron ore lumps, while the country exports mainly iron ore fines.
Mr Sharma said that "Therefore, mined iron ore which is in surplus must be exported.”
The issues had arisen following an apex court order of late last month, banning on all mining activities in Bellary in Karnataka. The apex court in its subsequent hearing later on August 5 partially lifted the ban and allowed only state run NMDC to carry out mining activities in the region with a cap of 1 million tonnes per month. The apex court had also said that iron ore produced from the Bellary region will not be exported.
Mr Sharma said that "This particular intervention by Supreme Court was on a limited context on what was happening, particularly in the state of Karnataka in Bellary, where there was illegal mining of iron ore. Illegal mining is taking place in some other parts of the country as well, but that does not lead to a situation where that iron ore does not get exported. This issue will get suitably resolved.”
(Sourced from PTI)
PTI reported that Indian union minister for commerce and industry Mr Anand Sharma ruled out a ban on iron ore exports, saying the surplus mineral must be exported.
Mr Anand said that "A considered view had been taken that the exports of iron ore must continue. India has enough surplus particularly of iron ore fines.”
He added that domestic industry largely uses iron ore lumps, while the country exports mainly iron ore fines.
Mr Sharma said that "Therefore, mined iron ore which is in surplus must be exported.”
The issues had arisen following an apex court order of late last month, banning on all mining activities in Bellary in Karnataka. The apex court in its subsequent hearing later on August 5 partially lifted the ban and allowed only state run NMDC to carry out mining activities in the region with a cap of 1 million tonnes per month. The apex court had also said that iron ore produced from the Bellary region will not be exported.
Mr Sharma said that "This particular intervention by Supreme Court was on a limited context on what was happening, particularly in the state of Karnataka in Bellary, where there was illegal mining of iron ore. Illegal mining is taking place in some other parts of the country as well, but that does not lead to a situation where that iron ore does not get exported. This issue will get suitably resolved.”
(Sourced from PTI)
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1 comment:
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