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SC lifts ban on iron ore mines in Karnataka

, September 3, 2012, 0 Comments

After a suspension of more than a year on environment concerns, Apex has allowed as many as 18 mines to resume iron ore mining in Karnataka , opening up about 5 million tonnes a year of production again.

The absence of exports from Karnataka, which accounted for about a quarter of India’s total iron ore shipments, helped diminish the impact of Indian supplies on spot iron ore prices.

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