TIMELINE-India's moves to curb iron ore mining, exports

viernes 16 de mayo de 2014 06:25 GYT
 

(Adds recent court decisions)

May 16 (Reuters) - India, in its crusade against illegal mining, has over the past few years choked its iron ore output and exports so hard that many companies had to give up on the sector.

India's Supreme Court on Friday ordered the temporary closure of nearly half of the iron ore mines in top producing state Odisha due to non-renewal of years-old leases, in a blow to steel mills that depend on high-quality ore from the state.

Following is a timeline of key developments in India's iron ore sector since Karnataka state introduced its shipments ban:

2010

July 26 - Karnataka state, governed by the opposition Hindu nationalist Bharatiya Janata Party, bans shipments of iron ore. The state government had faced pressure from the ruling Congress-led federal government to clamp down on illegal mining. Exporters in the state subsequently challenged the ban.

September - Iron ore exports post their sharpest monthly fall in nearly two years after the ban on Karnataka, dropping 47 percent from a year earlier to 3.03 million tonnes.   Continuación...