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Ban on iron ore export costs Karnataka over 10 years and miners want relief When a thriving industry, which later on spiraled downwards, iron ore mining in Karnataka has been affected by rip-offs, restrictions, and also an export restriction over the past ten years. According to industry quotes, over the last decade Karnataka has lost over Rs 29,000 crore in profits due to the export ban.
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ith phased re-opening of classification A & B mines in the middle of different conformities, such as resettlement as well as rehab (R&R), minimal quantity removal and
also discarding, the Central Empowered Committee’s (CEC) report has actually kept in mind a substantial renovation in the environmental surroundings of the three big mining areas:Chitradurga, Bellary and Tumkur, which are all
18 | SKILLINGS MINING REVIEW October 2020
situated in Karnataka. In a case filed to the Supreme Court on June 29, CEC sides with allowing exports of iron ore penalties and pellets. The southern chapter of the mining industry’s peak body , the Federation of Indian Mineral Industries