India’s Karanatka State Lifts Iron Ore Mining Ban

Platts reported India’s Karnataka has allowed the resumption of iron ore mining after more than a year, a senior official from Mineral Enterprises Ltd.

As quoted in the market news:

MEL has been granted approval to mine up to 380,000 mt/year of ore. Its production before the ban averaged 700,000 mt/year, the official said.

He said it would take about a month for MEL to put up its first ore consignment for sale through the electronic auctions being conducted by state-owned trader MSTC Ltd.

Click here to read the full Platts report.