Iron ore mining to pick up
The Central Government will auction about 20 major iron ore mines this year in its first such sale ever, according to a top government official. The government hopes auctions will help curb wrongdoing. While it is unlikely to lead to an immediate boost in iron ore output at a time when there is a global glut, mine sales will bring India closer to its target of tripling its steel capacity to 300 million tonne by 2025 and relying less on ore imports.