Karnataka iron ore mines stuck with 6.5 million tonnes
Iron ore miners in Karnataka are stuck with 6.5 million tonnes of unsold inventory as against 1.5 mt a year ago. And one of the reasons is that the steel companies are buying ore from other states, while Karnataka mines are not allowed to export outside the state.
Iron Ore Distribution in India Types of Iron Ore PMF
Iron Ore in Jharkhand. 25 per cent of reserves. First mine in Singhbhum district in 1904. Iron ore of here is of highest quality and will last for hundreds of years. Noamandi mines in Singhbhum are the richest. Magnetite ores occur near Daltenganj in Palamu district. Iron Ore in Karnataka. Iron ores are widely distributed.
E auction of Iron ore in Karnataka Supreme Court (SC) vide its order 2nd September 2011 has appointed Central Empowered Committee (CEC) to oversee E auction of Iron ore from Karnataka. CEC in turn has formed a Monitoring Committee to carry out the order of SC.
Karnataka has two major centers of gold mining in the state at Kolar and Raichur. These mines produce about 3000 kg of gold per annum which accounts for almost 84% of the country's production. Karnataka has very rich deposits of high grade