Find below the iron price table for November 11, 2013:
In news it appears the Goan pile is released:
The Supreme Court gave the go-ahead on Monday for the auction of around 11.46 million tonnes of iron ore already mined in Goa, potentially doubling the country’s exports this year to top market China if overseas sales are allowed.
The court also said it would set up a panel to decide on a cap for Goa’s iron ore output and this should submit an interim report by February 15, 2014, leaving mining still on hold.
“We are setting up a six-member expert committee to study the cap on production based on carrying capacity of roads and such,” Justice A.K. Patnaik said in the Supreme Court. He did not specify whether the iron ore could be exported after auction.
The cap is the bigger news. It would constitute 20-25 million tonnes of ore for global markets.
