Handling of iron ore has rebounded at major ports following the resumption of mining in Goa, Karnataka and Odisha after a long gap. In the first half of the current financial year ended September 2016, iron ore handling more than doubled at major ports to 17.50 million tonnes (MT) when compared with 7.25 MT in the same period last year. The volume will, however, be nowhere near the peak handling of nearly 100 MT in 2009-10. Following the ban on issue of new licences to mines and a slump in global demand, the number kept dropping in subsequent years to an all-time low of 10 MT in 2015-16. However, in the first half of the current year, the volume increased substantially, with Visakhapatnam port handling the highest volume among Major Ports with a throughput of 52.18 lakh tonnes of iron ore, according to the Indian Ports Association.
FlashNews:
Whoever controls Antariksha (outer space) will rule Prithvi (the world)”: Dr. Subba Rao Pavuluri
Electricity futures key to managing power price volatility”: NSE’s Sriram Krishnan
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
Air India 171 Crash: A Definitive Inflection Point for Indian Aviation
REC Reports Strong Profit Growth
GAIL Reports Record Profit Surge
India Calls for Inclusive Energy Governance at BRICS Meet
Mumbai-Ahmedabad Bullet Train’s 300 km Viaduct Milestone
India Revokes Security Clearance to Turkish Firm Çelebi
Major Ports Handle Record Cargo Throughput in FY2025
India Committed to Unlocking Energy Potential: Puri
Gaganyaan Scheduled for 2027 Launch
Defence Budget Set for Rs.500 Billion Top-up
Operation Sindoor: The Indigenous Edge
Securing India’s New Crown Jewels
Home » Iron ore handling surges at major ports
Iron ore handling surges at major ports
Coal & Mining
November 1, 2016November 1, 2016

Leave a Reply
You must be logged in to post a comment.