Iron ore mining ban records negative growth of 13%: Survey

Even as overall container traffic at the ports grew 5% to 980.49 million tonnes

Press Trust of India New Delhi
Last Updated : Jul 09 2014 | 4:41 PM IST
Iron-ore cargos recorded negative growth of 13 % in 2013-14 mainly due to domestic mining ban on the commodity even as overall container traffic at the ports grew 5 % to 980.49 million tonnes, the Economic Survey said today.

"The traffic in iron ore recorded negative growth of 13 % primarily owing to a ban on mining iron ore," the pre-Budget Survey for 2013-14 said.

Supreme Court, in April this year, allowed an annual cap of 20 million tonnes of iron ore to be extracted in Goa which was banned by it in the state for nearly one-and-a-half years.

Also Read

During 2013-14 major and non-major ports in India accomplished a total cargo throughput of around 980.49 million tonnes (MT) reflecting an increase of 5 % over 2012-13.

Any port with two or more berths and facilities and equipment capable of discharging 1,00,000 tonnes of cargo per month from ocean-going ships is a major port.

"This is due to an increase of 1.8 % or 555.49 million tonnes in the cargo handled at major ports," the survey said.

In contrast, the traffic at non-major ports grew at around 9.6 % during 2013-14 as compared to 9.8 % in 2012-13.

Traffic at non-major ports in 2013-14 rose to 425 MT from 387.87 MT in 2012-13.

During the year Ennore Port recorded the highest growth in traffic at 52.9 % and Marmugao the lowest at 33.7 %.

There are at present 12 major ports - Kolkata-Halida, Paradip, Visakhapatnam, Ennore, Chennai, V O Chidambaranar (formerly Tuticorin), Kochi, New Mangalore, Mormugao, Mumbai, Jawaharlal Nehru (JNPT) and Kandla.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 09 2014 | 4:05 PM IST

Next Story