Listed Mining Companies
MUMBAI – Indian iron ore exports jumped an annual 88% in September as Chinese demand picked up, and partly reflected a statistical effect caused by a slump in the same month last year in the wake of the world economic crisis.
Exports climbed to 6,25-million tons in September from 3,33-million tons a year earlier, the Federation of Indian Mineral Industries (FIMI) said on Friday.
"There seems to be some additional demand for Indian ore from China," Glen Kalvampara, secretary, Goa Mineral Ore Exporters' Association, said.
Goa on the west coast of India contributes more than 40 percent of India's total iron ore exports of about 106-million tons a year.
Exports in September last year had fallen an annual 39,5% from 5,5-million tons in the same month in 2007.
Kalvampara said exports from Goa in October were also good.
"It appears there will be a marginal increase in exports from Goa," he said.
Exports during April to September were 45,03-million tons, up from 39,8-million tons in the same period a year ago, FIMI said, adding the figures were provisional.
