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iron-investing

Why Has Karnataka Not Resumed Iron Ore Exports?

Investing News Network
Jul. 06, 2011 08:01AM PST
Base Metals Investing

Reuters India reports Karnataka has not issued permits to export iron ore more than two months after a ban on shipments on the metal was lifted.

Reuters India reports Karnataka has not issued permits to export iron ore more than two months after a ban on shipments on the metal was lifted.

The market news is quoted as saying,

But the state, which accounts for about a quarter of the country’s annual iron ore exports of around 100 million tonnes, has yet to allow any export, raising concern among miners there. India is the world’s No. 3 iron ore exporter.

For the complete market news, click here.

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