Indian rainy season, the iron ore industry had to pause for a stage, only lump ore can continue to export.
Practitioners, such as the ancient A Ore Exporters Association, said 80% of the industry enterprises will suffer losses because the expected powder mine to loading transported onto the ship. Secretary-General of the ancient A ore exports Association, said Swaminathan, Sridhar, few enterprise for the production of lump ore, the vast majority of companies are producing low-grade iron ore fines, the rainy season is the exploitation or transportation difficulty.
Ancient A is India's largest iron ore exporter, and most products are output to the Chinese and ancient A owns 90% of India's operational mining sites. Clamp down on illegal mining activities has seriously affected the ancient A iron ore export prospects, verifiable records,2010-2011, 54 million tons of iron ore exports in the region,,2011-2012 clamp down on illegal mining exports fell to 43 million tons.
Swaminathan, Sridhar, exports in April and May is expected this financial year, exports will fall 15 percent, although now make a judgment too early, but mineral exports are likely to be only 38 million tons. According to the ancient Arab ore exports Association data show that iron ore exports in April-May 2012 for 800-900 tons.
Not only because of the economic slowdown in China, the Indian authorities to take the clamp down on illegal mining policy, so ore exports will reduce. Coupled with the increase in export tax, mining land lease fee to further enhance constitute the grim situation facing the Indian mining industry.
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