Iron ore production in mineral-rich Karnataka is expected to fall by over 10% to around 35-36 million tonnes (mnt) in FY23, as per SteelMint estimates, from over 40 mnt in the previous fiscal. If April-November production numbers are any indication, iron ore production in Karnataka has fallen by around 20% to around 21 mnt during the period from over 26 mnt last year. As per estimates, Karnataka’s contribution to India’s iron ore production in the ongoing fiscal is expected to shrink marginally by 1%.
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