Thursday, 06 Oct 2011
PTI reported that iron ore exporters from Goa today claimed that the demand for low grade of ore in China has helped to prolong the life of mining industry in the state.
Mr Shivanand Salgaoncar President, Goa Mineral Ore Exporters Association said "The ore which was stacked as rejection at the mining site was exported during last few years after China boom.”
He said that "The high grade ore in the earth is left untapped. This will increase the lifespan of the industry. Thanks to China boom, traditional mine owners prospered. Lot of dumps that were lying idle were exported to the neighboring country."
Responding to a question on possible life span of ore mines in the state, Mr Salgaoncar said it was not possible to say for sure as to when would ore reserves in Goa exhaust. He said that "Each mining firm will be able to tell you what the lifespan of their lease is. I have been hearing since 30 years that the lifespan is not more than 30 years. But ore still exists."
Mr Salgaoncar whose association has 34 major exporters as its members, said that there cannot be any particular cap prescribed for extraction of ore. He added that "It is for individual lease holder to decide how much he can extract and for how much permission he has received."
(Sourced from PTI)
PTI reported that iron ore exporters from Goa today claimed that the demand for low grade of ore in China has helped to prolong the life of mining industry in the state.
Mr Shivanand Salgaoncar President, Goa Mineral Ore Exporters Association said "The ore which was stacked as rejection at the mining site was exported during last few years after China boom.”
He said that "The high grade ore in the earth is left untapped. This will increase the lifespan of the industry. Thanks to China boom, traditional mine owners prospered. Lot of dumps that were lying idle were exported to the neighboring country."
Responding to a question on possible life span of ore mines in the state, Mr Salgaoncar said it was not possible to say for sure as to when would ore reserves in Goa exhaust. He said that "Each mining firm will be able to tell you what the lifespan of their lease is. I have been hearing since 30 years that the lifespan is not more than 30 years. But ore still exists."
Mr Salgaoncar whose association has 34 major exporters as its members, said that there cannot be any particular cap prescribed for extraction of ore. He added that "It is for individual lease holder to decide how much he can extract and for how much permission he has received."
(Sourced from PTI)
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