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iron-investing

Krishnapatnam Port Comes Under Scanner

Investing News Network
Aug. 01, 2011 06:44AM PST
Base Metals Investing

Times of India reports the Santosh Hegde Lokayukta report on illegal iron ore mining says export of illegal iron ore took place from Krishnapatnam port.

Times of India reports the Santosh Hegde Lokayukta report on illegal iron ore mining says export of illegal iron ore took place from Krishnapatnam port.

The market news is quoted as saying,

According to the Lokayukta’s report, Karnataka-origin iron ore, which is illegal since no permits have been issued to any firm, has been exported the maximum from the Krishnapatnam port during the last two years. For example, the exports in excess of the permitted quantity from the port was a whopping 1,00,86,277 metric tons in 2009-10 and 53,18,164 MT between April and December 2010.

For the complete market news, click here.

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