Possibility of export duty on low-grade iron ore

Panaji: The Goa Mineral Ore Exporters' Association (GMOEA) on Sunday expressed concern over speculation about the possible extension of export duty to low-grade iron ore.

In a representation to the central government, the GMOEA urged it to reconsider any such move, claiming it could severely disrupt mining operations in Goa, where the iron ore is predominantly of low grade.

Given the region's unique mineral profile and the lack of domestic demand for such ore, GMOEA claimed that imposing export duties would not only jeopardise livelihoods and regional economic activity but also lead to stockpiling and wastage of a valuable natural resource.