Goa clamps down on illegal iron ore exports
Published on Mon, Aug 02, 2010 at 11:47 | Updated at Mon, Aug 02,
2010 at 12:09 | Source : Reuters
Goa has decided to clamp down on exports of illegally mined iron ore,
The Economic Times newspaper reported on Monday quoting state chief
minister Digambar Kamat.
Official documents show that in the past five years more than 8
million tonnes of iron ore had been unlawfully exported from Goa, the
report said.
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for quarter ended Jun 2010
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"We have asked for total export data of various companies. This will
be tallied to (with) royalties paid," the report quoted Kamat as
saying.
"If any company is found selling iron ore illegally, their vessels
will not be allowed to leave (the) port unless previous dues are
cleared."
Goa is a major exporter of iron ore fines, most of which is bought by
China that houses the world's largest steel industry.
The state exports approximately 45 million tonnes of the commodity a
year, some of which comes from neighbouring states, trade sources say.
Last week, southern Karnataka's chief minister B.S. Yeddyurappa said
he was taking steps to stop the exports of iron ore in a bid to check
illegal mining.
Any disruption in supplies of iron ore from India could harden prices
and make China turn to Australia, Brazil and other countries for its
supply.
http://www.moneycontrol.com/news/business/goa-clamps-downillegal-iron-ore-exports_474343.html
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