Friday, December 17,
India’s top court today gave Karnataka state two more weeks to respond to a petition filed by iron ore mining companies challenging a ban on exports.
The reply will have to be filed by the middle of January, a two-member Supreme Court panel, headed by Justice R.V. Raveendran, said in an interim order. The ban would continue pending the reply, the order said.
Sesa Goa Ltd., India’s largest iron ore exporter, MSPL Ltd. and other mining companies had appealed against the High Court order to the Supreme Court last month.
Karnataka, which exported as much as 30 million tons of ore in the year ended March 31, on an average shipped about 2.5 million tons a month until July 26, when the ban was imposed.
Source: Bloomberg
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