The Hindu Business Line : Goa iron ore exports up 22 pc in first quarter

Goa iron ore exports registered an increase of 22 per cent in the first quarter ended June, 2006 with 7.07 million tonnes of exports as against last year's 5.8 million tonnes.

For the year ended March 31, 2006, exports reached a record 36.271 mt as against 32.588 mt for the corresponding previous financial year.

According to sources in the Goa Mineral Ore Exporters' Association (GMOEA), the body representing private sector iron ore exporters in the State, the first quarter spurt in exports was perhaps due to "spillover of sales at the year-end".

Price rise

The industry is happy with a price rise of 19 per cent for the ore exports in the current year. The biggest importer, the Chinese steels companies, however, have not yet adopted the rise in price, GMOEA sources said.The industry here is confident that the current year too will see a record iron ore export led by Chinese intake.

GMOEA sources said that Chinese demand will continue to drive Indian exports of iron ore for at least the next 3-4 years.

The State's exports to China have shot up to 25.7 mt last year against 20.4 mt in the previous year, showing a growth of 26 per cent.

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