Suggestions of Supreme Court panel bring relief to Karnataka mines

The Supreme Court-appointed Monitoring Committee has recommended the apex court to allow export of an equal amount iron ore fines that were imported into Karnataka in 2018-2019. Miners in the state are relieved by the recommendation as it will help bring down inventory levels and improve realisations.

Iron ore mines in the state are stuck with inventory of 6.5 million tonnes (mt), which is equivalent to the 6.67 mt import in the state in FY19. The recommendation is significant, given the ore mines are not allowed to sell outside the state.

In its report, a copy of which is available