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Thursday, January 6, 2011

Railways hit hard by iron ore export ban

The Karnataka ban on export of iron ore from the state has affected the Railways hard with the South Western zone expected to miss the freight loading target of 40 million tonnes this year. The Hubli division of South Western Railway, the main section for freight loading in the zone, loaded just over 18 million tonnes at the end of November 2010, as against the target of 27 million tonnes.

Year to Year, the division registered a fall of 3.5 million tonnes as it had handled 22 million tonnes in the corresponding period of 2009. The freight earning up to November was Rs.1,502 Crore, as against Rs.1746 crore in 2009, a decline of 14 percent. From April to November 2010, the zone earned Rs.1,886 crore from freight against Rs.2,162 crore in the same period of last year.

Karnataka had imposed a ban on iron ore export of July 2010 as it struggled to manage illegal mining in the state. As per state government data, more than 30 million tonnes were illegally mined and exported from Karnataka in the last 10 years.

Before the imposition of the ban, the Railways used to transport around 25-26 rakes of the mineral a day. Of these, 6-7 were for domestic use and the rest for export. However, the Hubli division has not loaded any rake of ore since August.