Ore price dips 10-year low, mining looks difficult: GMOEA

THE HINDU, NEW DELHI | 10 December 2015 21:04 IST

As prices of lower grade iron ore hit a decade-low of $29 per tonne, Goan miners fear rates have not bottomed out yet and they expect a “bloodbath” in the next one year if counter measures are not taken.

Goa mainly produces low grade iron ore (with iron content between 55-58 per cent), which is mainly exported to countries such as China and Japan. CLICK TO READ MORE

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