Supreme Court keeps ban on Goa iron ore mining, allows inventory sales
Restrictions aimed at clamping down on illegal mining have slashed output and shipments from India, previously the world’s third-largest exporter with over $7 billion a year of iron ore supplied mostly to China’s steelmakers.
The world’s top miners, Vale, Rio Tinto and BHP Billiton have stepped into the vacuum left by India to boost sales to China, Japan and South Korea.
Read more at:
http://in.reuters.com/article/2013/11/12/india-ironore-goa-supreme-court-idINDEE9AA05H20131112
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