Thursday, September 10, 2009

Indian Iron Ore Exports To Resume By Mid-October

India's iron ore exports will resume by mid-October, a month later than normal because monsoon rains are continuing longer than usual and because of repair work at Goa port, the head of a trade body said on Wednesday.
"This year the monsoon is likely to extend to October. The Goa port is also likely to open by end September, late by seven to 10 days owing to equipment replacement," Glen Kalvampara, secretary of the Goa Mineral Ore Exporters' Association, told Reuters in an interview.

More than 40 percent of India's iron ore exports are shipped from Goa, on the west coast, he said.

Source: Reuters

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