Saturday, September 08, 2012

'China Gobbling Up Iron Ore From India'

The Justice M.B Shah Committee's report has pegged Goa's mining scam at nearly Rs 35,000 crore. It added that while India was exporting ore to China, China was exporting steel back to India and had strategically stopped short of tapping its deposits of 200 billion tonnes and the Centre should consider banning exports.

"Though China is having reserve of more than 200 billion tonnes iron ore, it prefers to import from countries like India. Planning and conservation of iron ore for at least 50 years is required for Goa so that future generations may not be required to import entire steel from China and likewise countries" the report said. 
ToI: China gobbling up iron ore from India 

Mining and the KKKangressman:
The state government will file FIRs against former chief ministers Digambar Kamat and Pratapsingh Rane in the illegal mining case, following the indictment of Kamat and the erstwhile Congress governments by the Shah commission, CM Manohar Parrikar said on Saturday.

1 comment:

vtpcnk said...

i remember a chinese movie set in the revolution era, where people are asked to give up their pots and pans, so that bullets can be made out them.

wonder how india will meet its infrastructural needs when all this iron is exported - to fuel the growth of its rival!!!