The Shah Commission authorized the establishment of the Government of India issued a report on the 7th, the disclosure of the country's iron ore of Goa illegal acquisition problems, accidents, something to do China. The Times of India reported that the survey report shows that Chinese demand for iron ore in Goa illegal acquisition "plays an important role", "eastern neighbor is plundering India's iron ore reserves, and recommended that the Government consider banning the export of iron ore to China.
"The Chinese side to buy iron ore from India's low-cost addition, India's exports of steel", "The Times of India quoted Shah Commission report said," China has strategically to suspend the use of the 200 billion tons of reserves, India government should prohibit the export of Indian ore, iron ore of Goa need to plan and save at least 50 years, so that our future generations can not fully imported steel from China and other countries, "the Indian Ministry of Mines, Ministry of Steel, commercial with the Ministry of Industry needs to sit down and seriously think about the ban on the export or allow the export of iron ore way "with a minimum of alternatives. Reported that China has become the world's largest consumer of iron ore, is the largest importer of iron ore, and in turn become the largest steel producer. According to the U.S. Geological Survey statistics, the world's iron ore production of 2.8 billion tons in 2011, nearly 12 million tons of iron ore production in China, Australia, Brazil, India, 480 million, 390 million and 240 million tons. India can be mined iron ore reserves of about 13 billion tons. In recent years, world consumption of iron ore at an average speed of 10% per annum growth, the mainly consumers are China, Japan, South Korea, the United States and the European Union.
The report strongly calls for the protection of iron ore resources in India and Goa before the government release the private large-scale acquisition of iron ore raised allegations of corruption. The Hindu newspaper said, according to the data of the report, if the approval of lease miners Goa 166 continues to the current annual production of 65.69 million tons intensive mining, less than 10 years of the state's iron ore resources depleted , within five years, about 14 ore mined out, 15-25 ore will be mined in 10 years. The report recommended that the state mining iron ore annual output of 10 million tons as. The impact of public opinion, the current Government of Goa 8 announced that it would review the existing mining leases, shut down the illegal acquisition field.
According to Reuters, the Indian iron ore by China's quality supervision departments complain poor quality, but the price is also low, was China's second largest source of imported iron ore, accounting for China's imports, refrain. In recent years, the rapid increase in domestic steel production target, India restricted by a number of measures to raise export tariffs and raise prices of iron ore exports to China, China's annual iron ore imports its iron ore accounted for less than two percent.
