Sunday 06 December 2020

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Economy | Mining

At slashed price, Goa miners ready to export 20 MT ore

 

Miners in Goa expect to sell 20 million tonnes (MT) of iron ore that they have been allowed to mine from the state and are prepared to slash prices in a bid to make their ore competitive amid demand slowdown.

Goa mainly produces low grade iron ore (with iron content generally in the range of 55-58 percent) that is exported to China and other consuming countries. Iron ore is the main ingredient for making steel.

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