Following a recent shift in environmental and development policies, Indian exports have nosedived and are expected to continue declining in the near term. Mining bans imposed on the Indian iron ore industry have crippled production. In conjunction to this, a six-fold increase in export duties and rail tariff hikes have made exports uneconomical for some miners that have permission to produce. In 2012, India shipped a mere 33 million tonnes, down 59% from its 2011 exports.
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Insight | Mar 2013
India iron ore supply - potential undermined
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