Call for export duty removal as slowdown hits mining sector
Economic slowdown has gripped the mining sector with iron ore mining firms closing down operations in 20 mines For full story, click here
Articles Tagged "export"
Credit default by Chinese banks hits iron ore exporters
The four-year long iron ore mining boom in Bellary is over. The collapse of its main market, China, threatens the livelihoods of more than two lakh workers. For full story, click here
Waning chinese growth affects iron prices
By Melissa Pistilli-Exclusive to Iron Investing News As China’s economic growth began to slow into the third quarter this year, many pointed a finger at factory closures during the Olympics. But now there is little doubt that the spreading global economic crisis is taking a toll on Asia’s largest boom economy. And it’s becoming quite [...]
Export duty on iron ore may reach 20% in India
Export duty on iron ore in India may rise to 20% for preventing steel prices from rising further. An official source of Economic Times said: The steel ministry has made a strong case, raising export duty on iron ore to conserve the mineral for value addition within the country. After the meeting between steel ministry officials and the [...]
