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Reuters reported India’s southern Karnataka state has recommended that eight iron ore mines be approved to resume operations.
Reuters reported India’s southern Karnataka state has recommended that eight iron ore mines be approved to resume operations.
As quoted in the market news:
Shares in Sesa Goa and JSW Steel rose by as much as 5 percent after the report.
A Supreme Court-appointed Central Empowered Committee (CEC) is expected to make a decision on mine approvals later on Wednesday, said H.R. Srinivasa, director, department of mines and geology in the state.