Indian Iron Ore Mines to Resume Operations After High Court Lifts Ban

By International Business Times September 03, 2012, 03:19:10 AM EDT

At least 18 iron ore mines have been granted permission by the High Court of India on Monday to resume mining activities in Karnataka after a more than a year of suspension on environment concerns, pointing to what could mean 5 million tonnes a year of renewed production.

"It is a positive order ... other category mines will also start opening slowly," R.K. Sharma, secretary general of the Federation of Indian Mineral Industries, said.

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This article appears in: Investing, Commodities

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