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China continues to remain the top importer of iron ore from Goa
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Monday, 19 Nov 2012

Times of India reported that China continues to remain the top importer of iron ore from Goa. Statistics complied by the Goa mineral ore exporters association indicate that over 89% of Goa's registered ore was exported to China in 2011-2012.

Over 38 million tonnes of Goa's registered iron ore was exported in 2011-2012, out of which over 34 million tonnes was exported to China.

Goa exports iron ore to China, Japan, South Korea, Europe and the United Arab Emirates. Besides China, Goa's mining companies export over 2 million tonnes to Japan, over 1 million to South Korea, 3,79,075 tonnes to Europe and 52,500 tonnes to the UAE.

GMOEA statistics said that Fomento resources pvt ltd, Prime mineral exports pvt ltd and Sociedade de Fomento industrial pvt ltd have exported 4,50,343 tonnes of non Goa iron ore to China.

Out of 28 mining companies, which were involved in exports of Goa registered ore, only 5 companies exported ore to Japan. Between, 2003 to 2005 Japan was the number one importer of Goa ore which was replaced by China, after the mining boom in the state.

All 28 companies exported Goan registered iron ore to China. Sesa Goa Ltd and Sesa Resources Ltd exported over 11 million tonnes and Fomento's Sociedade de Fomento Industrial Pvt Ltd, Prime Mineral Exports Pvt Ltd, Fomento Exports Pvt Ltd, and Infrastructure Logistics Pvt Ltd exported over 7 million tonnes.

Meanwhile, VM Salgaocar and Bro PVT Ltd exported over 3 million tonnes, Chowgule and Company Pvt Ltd exported over 1 million tonnes, Timblo Enterprises Limited exported over 2 million tonnes, Panduronga Timblos Industries exported over 1 million tonnes to China.

Source - Times of India


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