Falling iron ore exports from Goa pushes demand for lowering export duty on high grade ore

18 December 2017

Goa’s mining industry has requested the Union government to lower the export duty on high grade iron ore stating that the states iron ore exports are falling. Data from Goa’s Mines and Geology department showed that for the months of October-November, the exports of iron ore from the state has fallen by almost 75% compared to the same period last year.

For the year 2016, the exports for October-November were 2.84 million tonnes which has come down to 0.68 million tonnes for the same period this year, as per the official data.

Goa Mineral Ore Exporters’ Association’s Secretary Mr. Glenn Kalavampara said that the buyers are seeking better grade iron ore which is above 58% Fe. “Industry is really under pressure. There is demand for high grade ore but the exports are not feasible due to the high export duty,” he said, adding that export duty on high grade ore should be lowered.

Furthermore, the state’s Chief Minister Mr. Manohar Parrikar during his recent Delhi visit has already requested the centre to lower the export duty on the high grade iron ore.