Karnataka Private Miners Will Resume Iron Ore Production in July

Reuters reported iron ore production in Karnataka, India will likely be allowed to resume at private mines in July.

As quoted in the market news:

Patel said initial production from the state would go to local steel mills, but a resumption of mining means the world’s third-biggest supplier of iron ore could hope to regain its $6 billion, 100 million tonnes average annual exports, mainly to China, in 2012/13.

Click here to read the full Reuters report.