In 2008, only percent of the iron ore exports to China went through the state's port of Lazaro Cardenas, but by 2012, nearly half of the exports to the Asian country were processed there.
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A UN security council diplomat says there is a 'high confidence' that China and Russia would support a US draft resolution to slash exports from North Korea.
Govt's efforts to clamp down on illegal mining have handed a 15 billion lifeline to global iron ore giants. Govt's efforts to clamp down on illegal mining have handed a 15 billion lifeline ...
Exports of Iron Ore Concentrates in Australia is expected to be AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports of Iron Ore Concentrates in Australia to stand at .
The ban in Goa followed a similar move in the Southern state of Karnataka in 2011. Some analysts believe that the lifting of the ban may help trigger a gradual recovery in this sector as the restrictions in 2011 2014 reduced India's iron ore exports by around 85% (100m tonnes).
India will lose nearly Rs 4,000 crore (600 million) of export value with this ban given that the lowquality iron ore is shipped at about 30 a tonne, said PK Mukherjee, former managing director of erstwhile Sesa Goa, now part of Vedanta Ltd.
Justice Shah Team inquiring into the illegal mining scam in Goa has recommended a 'blanket interim ban' on exports of ironore till both the Centre and State streamline the operations of .
Iron ore exports grew to in the first five months of this year, almost equalling the figure for all of 2016. Fish and seafood imports totalled in June, up from in May.
India's steel ministry is seeking a complete ban on exports of iron ore to preserve the raw material for its expanding domestic steel industry, Steel Minister Virbhadra Singh said.
However, a lastminute regulation, signed in January 2014, softened this ban and allowed exports of copper, manganese, zinc, lead, and iron ore concentrates until 2017. Now the government may decide for a twoyear delay up to 2019.
Differences between the law and mines ministries have widened on the issue of allowing mineral exports (of iron ore),with the law ministry demanding changes in the draft Mines and Minerals (Development Regulation) Bill 2010 to ensure conservation of minerals.
Iron ore exports are going to be well down this year but the reason isn't a soft market or poor prices. It's due to efforts to break a drug cartel's hold on that particular business.
India should not restrict iron ore exports as the country has enough reserves to meet both domestic and export demand, an industry body representing mining firms said on Thursday.
The iron ore, meanwhile, has both swelled the cartels' bankrolls, giving them more money to buy guns and bribe officials, and fed the hunger of Asian steel mills.
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