Indian miner Vedanta's iron ore chief on Friday called for a cut in federal and state levies on exports of low-grade ore mined in Goa, as the company struggles to remain competitive amid a global commodities slump.
The country's biggest private miner resumed mining in Goa, India's top-producing state, in August after a ban on illegal extraction shuttered operations for three years.
Vedanta, a unit of metals tycoon Anil Agarwal's Vedanta Resources, hopes to export more than 5.5 million tonnes of iron ore from Goa in the financial year to March 2016. It recently shipped 88,000 tonnes, bought at state auctions, to its biggest customer China.
The company will export another 80,000 tonne cargo of the steel-making ingredient to China within days but is struggling to sell elsewhere as iron ore prices have slumped and supplies of higher-quality ore are abundant
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