Otmane El Rhazi : Lack of takers for Goa iron-ore clogs all stockyards

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

While iron-ore mining in the western Indian province of Goa was poised to resume within a month, there were no takers for the raw material, leading to stockpiling- of old inventories and a space crunch for new production. According to a Goa government official, of the total 15-million tonnes of old iron-ore fines inventory occupying stockyards and ports only six-milion tonnes have been liquidated through seven rounds of auctions, but in the absence of large volume overseas buyers, local traders were refusing to transport the stocks.