India to investigate cartel activities by iron-ore miners

March 14, 2016

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India’s Mines Ministry has ordered an investigation into possible cartel activities among merchant iron-ore miners, following the build-up of large stocks as steel producers and pellet manufacturers face supply shortages.

According to an official in the Ministry, mining advisory body Indian Bureau of Mines (IBM) has been directed to probe charges of cartelisation, and investigations have commenced in the eastern Indian coastal province of Odisha.

Category: General