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FirstPost.India reports that iron ore mining in Karnataka will take a minimum of two years to become fully operational after the Supreme Court verdict allowed resumption of mining at category-A & B mines in the state, an industry official has said.
FirstPost.India reports that iron ore mining in Karnataka will take a minimum of two years to become fully operational after the Supreme Court verdict allowed resumption of mining at category-A & B mines in the state, an industry official has said.
As quoted in the market news:
Last week, the Supreme Court allowed opening of category-A & B mines in the major iron ore producing state of Karnataka, while ordering a complete closure of category-C mines.
The verdict is likely to ease pressure on the availability of iron ore for steel companies, which have resorted to import of the key raw material for running their plants.