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iron-investing

India: Nearly 10,000 Tonnes of Iron Ore Seized

Investing News Network
Aug. 01, 2011 06:39AM PST
Base Metals Investing

NDTV reports less than 48 hours after the Supreme Court ordered all mining and transportation of iron ore in Bellary to stop, nearly 10,000 tonnes was seized.

NDTV reports less than 48 hours after the Supreme Court ordered all mining and transportation of iron ore in Bellary to stop, nearly 10,000 tonnes was seized.

The market news is quoted as saying,

Late on Saturday, 49 vehicles belonging to the Bellary Iron Ore Corporation, owned by the Gali Reddy family, were seized.

Next to be seized were two rakes each of 3724 tonnes being supplied to the Jindal plant and Janki Iron and Steel. Another dump of 1100 tonnes was also seized.

For the complete market news, click here.

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