Union Additional Mining Secretary, Mr SK Srivastava said that union commerce ministry will take a final call on banning iron ore export from Goa soon.

He told reporters that "Commerce Ministry will take the final call on the issue soon as it enjoys administrative powers.”

Justice M B Shah Commission of enquiry, which went into illegal mining of iron ore and manganese ore, had advocated ban on export of these minerals running into billions of rupees and warned that such activities could influence state policies besides promoting illegal mining.

Referring to a remark by a senior official of China Minmetals Corporation that China had begun exploring alternate markets to source its requirement of iron ore following a decline in iron ore exports from India due to a crack down by the government to check illegal mining, Mr Srivastava said India is not worried about the scenario.

Mr Srivastava said that India would be able to find good alternative markets for exporting iron ore. Moreover, the country's consumption of iron ore is increasing.

China Minmetals Corporation Assistant Chief Representative Shi Ming Li had in November last said India's iron ore supply "was not very stable". He had said that "Who can tell what is the policy about the iron ore? Chinese companies are looking for alternatives.”

China, which has been sourcing iron ore from Australia, Brazil and South America besides India is also looking at countries like South Africa, Iran, Ukraine, Congo, South Africa, Zimbabwe, Indonesia and Venezuela for the steady supply of the iron ore.

(Sourced from PTI)