Mines ministry proposes scrapping export tax on iron ore from Goa

Reuters Updated - January 19, 2018 at 08:04 PM.

ore

The Mines Ministry has written to the Finance Ministry to propose scrapping a 10 per cent export duty on low-quality iron ore from Goa, an official said, as miners urge the government to help boost sales amid a sharp fall in prices.

Mines Secretary Balvinder Kumar told Reuters he wrote to the Finance Ministry about two weeks ago, but they are yet to get back. Goa is known for low-grade ore used mainly by Chinese steel mills.

A finance ministry spokesman could not immediately be reached for comments.

Published on February 2, 2016 05:36