India’s Karnataka to Reopen 19 Iron Ore Mines, Output to Reach 30 Million Tons

Reuters reported that India’s state of Karnataka will re-open 19 iron ore mines which were shut down by the Supreme Court in 2011 due to a mining ban. This move will increase supplies to local mills by around 30 million tons.

As quoted in the market news:

Nine mines have already restarted in Karnataka, which used to produce about 50 million tonnes before the Supreme Court imposed a ban on mining there nearly two years ago.

“(Another) eight to nine mines can be opened immediately this month, provided the honourable Supreme Court allows that,” said H.R. Srinivasa, director at Karnataka’s department of mines and geology. “A decision is expected this month.

Click here to read the full Reuters report.