CMs form cartel to ban iron ore exports

FE reports

Chief ministers of mineral-bearing states are forming a pressure group to press their demands. As a prelude to the formation of such a group, chief ministers of three states , Chhattisgarh, Jharkhand and Orissa, met here last week and deliberated on various issues relating to minerals like iron ore, bauxite, chromite and coal.

The meeting resolved that there should be a complete ban on iron ore exports and that coal-bearing states should be empowered to levy tax on power generated at the coal pithead for export purpose. It also suggested that at least 12-20% power from generating stations be allotted to the mother states at concessational rates.