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With the onset of monsoon, the iron ore mining business in Goa hascome to a standstill with only lumpy ore being transported from thesites to ports. Industry players like Goa Mineral Ore Exporters Association (GMOEA)claim that 80 per cent of the business will be down, as fines(small particle ore) cannot be laden in trucks and transported tothe jetties from where it is ferried to the port by small ships. Only few mining companies extract the lumpy ore, while rest dealwith fines which are low grade, GMOEA executive secretarySwaminathan Sridhar said. Extraction and transportation of ore becomes difficult during rainsdue to logistic reasons, he said. Goa is India's largest exporterof iron ore with majority of the extracted earth exported to China,which has become a booming market since 2005. The state has 90operational mining leases. The clampdown on the illegal miningactivity has severely dented prospects of growing exports from thestate. From a record 54 million tonnes of export in 2010-11, beforecrackdown on the illegal iron ore, the exports had plummeted to 43million tonnes in 2011-12. "The indications are that the exports would further be down by15 per cent for the current financial year," GMOEA SecretaryGlenn Kalavampara said, adding that the trends of exports inApril-May this year were indicative of the downfall. He said that 38 million tonnes mining export is projected for2012-13. "But it may be too early to predict," he added. The statistics available with the GMOEA indicate that export wasaround 8-9 million tonnes for April-May 2012, which is less incomparison to corresponding period last year. Not just the economyslowdown in China, but stringent measures adopted by the state authorities have cut into the illegalmining, curtailing the exports. The state government had imposed ban on the export of ore from theiron ore stacks, which were dumped in the mining leases. Small-timetraders, who were operating without proper licencing, have alsobeen regulated by the state mines and geology department. The increased export duty is also affecting the business,Kalavampara said. Further, the stringent MMRD (Mines and MineralsRegulation and Development) rules, which are in the process ofbeing amended, may also be one of the risk factors faced by theindustry, he said. In addition, the revision in the royalty paid to the stategovernment is also affecting the ailing industry. The miningindustry hopes that it won't be taxed further as the royaltyrevision is due in the current year, he said. "Various states across the country want more revenue frommining industry during the revision of royalty. Overall revisionwill also affect Goa," he said. GMOEA has demanded that royalty should be at uniform unit ratedepending on the iron content of the ore. I am an expert from cnc-machiningparts.com, while we provides the quality product, such as CNC Precision Machining , China Sand Castings, CNC Lathe Parts,and more.
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