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iron-investing

Odisha Sees Iron Ore Output Falling 23 Percent

Investing News Network
Oct. 21, 2014 03:48PM PST
Base Metals Investing

Odisha, India’s largest iron ore producing state, expects production to fall 23 percent to 60 million tonnes due to court shutdowns of mines.

Odisha, India’s largest iron ore producing state, expects production to fall 23 percent to 60 million tonnes due to court shutdowns of mines.

According to Reuters:

Restrictions aimed at curbing illegal mining in Goa and Karnataka states have choked the iron ore industry, with India’s production falling to 136 million tonnes in 2013/14 from a peak of 218 million tonnes in 2009/10, according to industry lobby group ASSOCHAM. Production this year is expected to fall below last year’s levels due to the Odisha shutdowns.

Click here to read the full article.

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