Employees are seen at the Bedara Bhommanahalli (BBH) iron ore mines at Chitradurga in Karnataka (Reuters photo)
New Delhi:
The government has no plans to ban export of iron ore but conservation of the steel-making
raw material is of "paramount importance", Parliament was informed today.
To a written question in Lok Sabha whether the government proposes to ban export of iron ore having over 64 per cent "Fe content" for the benefit of domestic steel firms, Minister of state for Steel and Mines Vishnu Deo Sai said no.
"The Government has decided that although conservation of iron ore resources is of paramount importance, the same may not be achieved by banning to capping export of iron ore but taking recourse to appropriate fiscal measures," the minister said.
Iron ore exports attract 30 per cent duty.
The government is deliberating upon the concept of Special Mining Zone to have speedy development of resources like iron ore and coal. It would facilitate procedural requirements for exploitation of minerals without unnecessary restrictions, he said.
Replying to a separate question, the Minister said there were 5,028 non-working mines in the country as on April 1, 2014.
raw material is of "paramount importance", Parliament was informed today.
To a written question in Lok Sabha whether the government proposes to ban export of iron ore having over 64 per cent "Fe content" for the benefit of domestic steel firms, Minister of state for Steel and Mines Vishnu Deo Sai said no.
"The Government has decided that although conservation of iron ore resources is of paramount importance, the same may not be achieved by banning to capping export of iron ore but taking recourse to appropriate fiscal measures," the minister said.
Iron ore exports attract 30 per cent duty.
The government is deliberating upon the concept of Special Mining Zone to have speedy development of resources like iron ore and coal. It would facilitate procedural requirements for exploitation of minerals without unnecessary restrictions, he said.
Replying to a separate question, the Minister said there were 5,028 non-working mines in the country as on April 1, 2014.
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