The Indian Supreme Court lifted a ban on operations for 63 iron ore mines in the southern state of Karnataka on Thursday.

In 2011 the court banned ore mining in Karnataka and in Goa in response to claims that illegal mining was damaging the environment. The court will turn next to the comprehensive mining ban in Goa, which is still in effect today.

Taken together the mining bans in these two states significantly reduced total iron ore output in India, the world’s third largest producer. Producers worldwide watch the Indian iron ore market carefully as supply volatility affects prices and, therefore, business decisions.

source: http://www.mining.com/india-supreme-court-lifts-blanket-ban-on-iron-ore-mining-29927/