Analytics claims: Worst time for India to resume mining of Iron Ore

Mining and Ores

Goa being the top state for exporting ore in India, resumed production this Monday. The production resumed after almost a three years gap. However, the timing is considered really bad as according to the researchers and analytics, the production from contract award the resumed mines will be subjected to low prices and high costs along with a poor export market. However, the firm claims that the state owned miners will be leading the production growth of the nation which is estimated to be around 3.8 percent per year till 2019. According to the BMI, the iron ore mining resumption that will be derived from the private sector will be affected adversely due to a few factors. Read complete story athttp://www.tendersontime.com/blog-detail/analytics-claims-worst-time-india-resume-mining-iron-ore-1543.php