The ban on iron ore exports from India's Karnataka state is likely to be fully lifted from the start of April, according to Sesa Goa's ceo SK Mukherjee.
“From the beginning of April the export ban will be a thing of the past," he told MB's China Iron Ore conference in Beijing.
Exports from Karnataka were banned last July as part of a crackdown by the state's government on illegal mining. The government has already taken “certain steps” towards repealing the ban, Mukherjee said. Some iron ore has recently been released from port stockpiles for export.
“Karnataka [still] has to officially announce [the end of the ban],” Mukherjee said. This could happen by April 4, after India's Supreme Court has ratified the decision.
The export ban in Karnataka was one factor fuelling the rise in iron ore prices in the second half of 2010.
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