In Nov 2013, SC allowed auction of 11.4 mn tonnes of iron ore lying idle at various mine heads and jetties

A Supreme Court-appointed committee has decided to put on auction about four million tonnes (mt) of iron ore stock at various mine heads in Goa. To begin, the ore lying at various jetties and Mormugao port will be auctioned some time in February, industry sources said.

As only 19 mines have started iron ore production, supply still not sufficient to meet raw material requirement of steel industry

The year 2014 is set to herald better days for the ore-starved steel industry in Karnataka. The Supreme Court appointed Monitoring Committee to oversee E-auction of iron ore in the state is readying to put on auction additional 4-5 million tonnes of iron ore dumps, which contain mostly sub-grade iron ore (with Fe content of 45-50%), for auction as the demand and supply gap still remains wide.

NMDC is setting up a 1.8-million-tonne-per-annum (mtpa) beneficiation plant and a 1.2-mtpa pellet plant at an investment of Rs 650 crore

KIOCL, a steel ministry undertaking facing severe shortage of iron ore for its pellet plant in Mangalore, is planning to partner public sector mining giant NMDC for a pellet plant in Karnataka.