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India Top Court Allows Iron Ore Shipments From Karnataka Ports
Feb. 14, 2011 03:18PM PST
Base Metals Investing
Bloomberg reported that India’s top court is now allowing shipments of iron ore accumulated at ports in Karnataka, pending its verdict on a ban on exports of the raw material from the nation’s second-largest producing state.
Bloomberg reported that India’s top court is now allowing shipments of iron ore accumulated at ports in Karnataka, pending its verdict on a ban on exports of the raw material from the nation’s second-largest producing state.
The article states that:
The state authority wants to regulate the use of iron ore because the resource is limited, K.V. Vishwanath, advocate for the Karnataka government, said today. The proposed rules are aimed at monitoring and checking illegal mining and transportation of iron ore, he said.