Goa Mining : Still in the pits

 

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Against claims made by Chief Minister Laxmikant Parsekar that 40 to 45 iron ore mining leases may commence operations this season, mining companies appear to be hesitant to resume operations owing to various factors like ore production cap, taxation, slag market value, reduction of the seven-month season to four months making the business unfeasible.

The mining industry must also find a new market, after their traditional buyer China began importing ore from Australia and South Africa , as a three-year hiatus in production resulted in a shift in iron ore consumption patterns by Chinese steel mills.

http://www.heraldgoa.in/Goa/Monsoons-are-over-but-storm-clouds-over-mining-clearly-not/108018.html

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