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Ennore port to have iron ore terminal soon

Steel News - Published on Tue, 07 Jun 2011

PTI reported that a dedicated iron ore terminal at Ennore Port in Chennai is set to go on stream as soon as ban on exports of the key steel making raw material from Karnataka is lifted.

Mr VP Mehta GM of MMTC said that “Permanent iron ore terminal at Ennore Port for 6 million tonne per annum throughput is ready and expected to be operational immediately after lifting of ban on export by Karnataka state.”

State run trading firm MMTC owns 26% 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.

Mr Mehta said that the terminal would be able to handle capsize vessels in the first phase and super capsize vessels in the second.

(Sourced from Press Trust of India)
Posted By : admin on Tue, 07 Jun 2011
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