Thursday, 21st April,
Karnataka, which lifted an export ban on iron ore imposed last year on Wednesday after a court directive.*, will start issuing transport permits for export from the state by next week, two sources in the mining department told Reuters.
“We are at it, we will do it fast. By next week we would issue transport permits,” said a source with the department of mines and geology with Karnataka government.
The Supreme Court had ordered the ban to be lifted on iron ore exports from April 20 in its order on April 5.
Iron ore exports from India fell 18.6% in February, as the ban on exports by Karnataka continued to cut sales.
India is the world’s third largest exporter of iron ore with most of its approximately 100 million tonnes of the commodity landing in China, which has the world’s largest steel industry.
Source: Reuters
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