Iron ore exports recommence after a decade at New Mangalore Port
The Hindu
Export of iron ore fins began at the New Mangaluru Port on Thursday with the port authorities receiving the first rake of fins for export aggregation
Export of iron ore fins began at the New Mangaluru Port on Thursday with the port authorities receiving the first rake of fins for export aggregation.
NMP Authority Chairman A.V. Ramana, Deputy Chairman K.G. Nath, officials from Mines and Geology and Customs Departments, other stakeholders and senior port officials received the first rake at the NMP Railway siding.
Bengaluru-based exporter E. Ramamurthy Minerals & Metals Pvt., Ltd., has brought 3,700 tonnes fins in 56 boxened wagons from mines in Chitradurga district. The fines will be stored at NMP as the exporter is yet received the export order.
The resumption of iron ore exports nearly after a decade underscores the Port’s commitment to promote trade and contribute to the growth of the Indian economy, said a release. The Port is again ready to play an important role in facilitating iron ore exports.
Mr. Ramana thanked all stakeholders, including government departments, for their collective efforts and support to recommence the exports. He emphasised the port’s commitment to ensure safe, efficient, and environmentally responsible operations. He also appreciated the significance of the move of dual rake operation through backhaul cargo from the port’s import, which is going to be a game changer for the trade.
The resumption of iron ore exports from New Mangalore Port is expected to have a positive impact on the local economy, creating job opportunities and stimulating economic growth in the region. Additionally, it strengthens India’s position as a global supplier of high-quality iron ore, contributing to the nation’s economic development and infrastructure development projects.
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