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29 Apr 12 No proposal to impose complete ban on chrome ore export


India’s minister of mines (independent charge) Mr Dinsha J Patel informed Lok Sabha in a written reply that there is no proposal by the ministry of mines to impose complete ban on export of chrome ore.

He further informed that India has 203 million tonnes of total resources out of which there is only 54 million tonnes are reserves and 149 million tonnes are remaining resources. At present India’s production is sufficient to meet domestic consumption as well as export. Therefore, presently export of chrome ore is not directly impacting the steel industry.

Replying to written question, the minister said that the present production of chromite is sufficient to meet domestic consumption as well as export requirements. As per available information, export of chrome ore is guided by Exim Policy of the country.

Source – Press Information Bureau

(www.steelguru.com)

Article source: http://www.steelguru.com/stainless_steel_news/No_proposal_to_impose_complete_ban_on_chrome_ore_export/261360.html

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