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26 Jan 12 Naveen demands total ban on chrome ore


PTI | 08:01 PM,Jan 25,2012

Bhubaneswar, Jan 25 (PTI) Apprehending that the country’s
chromite reserves might not last for more than
20 years, Odisha Chief Minister Naveen Patnaik has demanded a
complete ban on export of chrome ore with immediate effect.
Expressing concern over rapid depletion of chromite
reserve, Patnaik said only an estimated 66
million tonne of chromite was reserved in the country of which
95 per cent had been located in the state.
“I am of the opinion that in order to provide raw
material security to the end-user industries in the country, a
total ban on export of chromite should be imposed
immediately,” Patnaik said in a letter to Dinsha J Patel,
Union Minister of State for Mines.
Despite the low reserves,
export of the mineral is allowed. At least 1.9 million tonne
was
exported in 2008-09. Over 75 per cent of the chromite was
being exported to China,” he said.
India has only 1 per cent of world’s chrome reserve,
Patnaik said, adding that the lesson should be learnt from
Zimbabwe
which has around 10 per cent of the world’s total deposit.
“Zimbabwe as part of its strategic measure to conserve its
finite resources, has also imposed a ban on chrome ore export
from April, 2011,” the chief minister said.
Stating that the state attracted huge investment in
steel and ferro chrome sectors, Patnaik said these industries
require chromite as an input. Chrome ore is used in making
ferrochrome, which is further used in manufacture of stainless
steel.
Stainless steel has considerable demand in the
construction sector and particularly required for expansion
of automobile industry, which uses the non-corrosive material
for external body surfaces.
“I am given to understand that the Union Ministry of
Steel has also demanded a ban on export of chrome ore,” the
chief minister said.

Article source: http://ibnlive.in.com/generalnewsfeed/news/naveen-demands-total-ban-on-chrome-ore/955753.html

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