Union Mines Ministry not in favour of increase in export duty of ore
PANJIM: In what could bring in a relief for mining industry in Goa, Union Mines ministry on Friday said that they are not in favour of Finance ministry’s decision to increase export duty on the low grade iron ore from the country.
“Mines ministry is not favourably inclined towards increase in the export duty, especially in case of low grade ore, which is not consumed by steel industry” A K Srivastava, Additional Secretary, ministry of mines, told reporters on the sidelines of two day conference on ‘Mining for sustainability’ organized by Federation of Indian Mineral Industries (FIMI).