Mining industry welcomes reduction in export duty for iron ore below 58 grade

PANAJI: Goa Mineral Ore Exporters Association (GMOEA) on Monday welcomed the withdrawal of export duty of iron ores of below 58 grade by finance minister Arun Jaitley in its budget.
The GMOEA appreciated the support from the defence minister Manohar Parrikar and the chief minister Laxmikant Parsekar in getting this reduction.
“In a highly competitive international iron ore market where the prices are depressed, this reduction will certainly help our members in marketing their ores.It may also help in encouraging buyers to bid during the next round of e-auction,” GMOEA said
GMOEA thanked the finance minister for this reduction.