“Permanent iron ore terminal at Ennore Port for 6 mtpa throughput is ready and expected to be operational immediately after lifting of ban on export by Karnataka state,” Mr V.P. Mehta, General Manager, MMTC in a recent presentation. State-run trading firm MMTC owns 26 percent stake in the special purpose vehicle building the iron ore terminal while Sical Logistics has majority stake in the venture. The terminal was mostly dependent on Karnataka iron ore. Karnataka, which accounts for about one-fourth of total iron ore export from the country, had banned transportation of the mineral for exports purposes from the state in last July. “The consignments should resume very soon…may be within a fortnight’s time,” Mr H.R. Srinivasa, Mines Director, Karnataka said on May 3. Mr Mehta said that the terminal would be able to handle capsize vessels in the first phase and super capsize vessels in the second.
Wednesday, December 25, 2024
