Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The ban on iron-ore mining in the western Indian province of Goa might have been lifted but the resumption of mining operations to any significant volume was unlikely in the current environment of falling prices and the Indian government’s refusal to lower export taxes. According to an official in the Goa Mining Association (GMA), a representative body of miners in the province, with international iron-ore prices at a five-and-a-half year low, current offers from buyers did not ensure any margins for miners post the taxes and levies payable to the government.
The ban on iron-ore mining in the western Indian province of Goa might have been lifted but the resumption of mining operations to any significant volume was unlikely in the current environment of falling prices and the Indian government’s refusal to lower export taxes. According to an official in the Goa Mining Association (GMA), a representative body of miners in the province, with international iron-ore prices at a five-and-a-half year low, current offers from buyers did not ensure any margins for miners post the taxes and levies payable to the government.
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