Home / Politics / News /  Export ore only after meeting local demand

“Exports... should be permissible only in respect of the material which the steel plants and associated industries are not willing to purchase on or above the average price realized by the monitoring committee," it said. Similarly, iron ore produced by beneficiation plants after processing also should not be exported, the order said.

Ninety per cent of the sale price (excluding the royalty and the applicable taxes) received during the e-auction may be paid by the buyer directly to the respective lease holders and the balance 10% may be deposited with the monitoring committee along with the royalty, it added.

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