Karnataka Mines Won’t Be Operational for 2 Years

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.

Click here for the full report by FirstPost.India