Mines closure in Karnataka may force JSW, Tatas to halt work

Kolkata : KOLKATA | MUMBAI: Last week, when Sesa Goa, India's largestiron ore exporter, cut its revenue guidance for the current fiscal year due to tight ore supply from Karnataka, it spoke volumes about production problem at one of the largest mineral producing states of the country.

Karnataka, which accounts for a third of India's iron ore output, had to suspend operations in about 50 mines affecting supplies to a host of steelmakers and prompting large players such asJSW Steel andTata Metaliks to consider a stoppage in production.