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Karnataka iron ore reserves will be exhausted by 2040

The Karnataka government has indirectly hit out at mining magnates and cabinet ministers the Reddy brothers by requesting the Supreme Court to impose a complete ban on iron ore export from Karnataka.

Karnataka chief secretary Mr SV Ranganath, in his affidavit before the apex court, sought a ban on exports citing Lokayukta Mr Santosh Hegde's report on illegal mining and said it was needed as iron ore deposits in the state would be exhausted by 2040.

The state said that "Iron ore deposits in Karnataka are estimated to last for another three decades. It is, therefore, necessary to conserve the mineral resources. There is an imperative need to impose ban on export of iron ore so as to make the same available only for domestic value added purposes.”

Mr Ranganath's affidavit said that "The movement of iron ore and damage to the environment has caused deep resentment amongst farmers and other residents. However, if the export of iron ore is banned as per the recommendations of the Lokayukta, the same would strengthen the hands of the state government in bringing a complete stop to the menace of illegal mining."

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