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Ports | November 18, 2013
#40147

Ore quantity of e-auctioning is very megre for port

The Mormugao Port Trust in Goa could see an increase in its cargo as the Supreme Court allowing the e-auction of about 11 million tonne (mt) of iron ore mined in the state. However, this is just a fourth of about 40 mt of iron-ore cargo the port handled in its heydays.    Sources in the port said that it is a very small quantity of cargo. Also, Business at Mormugao Port has suffered since the government banned exports of iron ore, the primary commodity traded at the port. Earlier, iron ore accounted for most of the port's revenue and 80 per cent of its volumes.

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