Mining woes: Karnataka iron ore companies unable to clear stocks

Mining industry’s apex body, Federation of Indian Mineral Industries (FIMI), has decided to move the Supreme Court with an appeal to allow Karnataka’s iron mining industry to sell ore to more players apart from manufacturers to clear their stock. The decision comes after it was found that some large steel companies in the state prefer to buy from Odisha or even import it at a higher price, rather than buying through auctions conducted in the state.

As the apex court has started relaxing norms for iron ore mining in Karnataka after banning exports from state to check malpractices, the mining