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Sesa Goa Iron Ore CEO welcomes removal of export duty on iron ore

Panaji, Feb 29 (UNI) Vedanta -Sesa Goa Iron Ore, Chief Executive Officer (CEO) Kishore Kumar today welcomed the proposal in union budget to remove export duty on lumps and fines with iron content of less than 58 per cent.
In a statement, Mr Kumar said, ''The budget's proposal to remove export duty on lumps and fines with iron content of less than 58 per cent has come as a big relief for the Goa iron ore mining industry. This move was much awaited as the sharp drop in global iron ore prices has eroded our margins. The removal of export duty will surely provide a big boost to iron ore exporters in the state, who have been earning valuable foreign exchange for the nation."
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