Mining in Goa will not be allowed till proper rules are formulated to curb illegal mining, Chief Minister of Goa Manohar Parrikar, said here on Friday.

All mining from the 90 mines in the State has been suspended following a Supreme Court directive on September 7.

Work will not resume till the centrally empowered committee submits its report , he said.

Mr. Parrikar was speaking at an interactive session on “Investment Opportunities in Goa”.

According to Justice M.B. Shah Commission Report, the State exchequer has suffered a Rs. 35,000 crore loss in the last 12 years because of illegal mining, he pointed out.

On illegal mining Mr. Parrikar said: “There is no clear policy on mining in India. Laws should be amended accordingly to achieve growth.”

“Goa is one of the major producers of iron ore, the bulk of which is exported to China. It is the second largest producer of iron ore in the country. The iron ore that is found in my state is of low quality because it got silica in it, which is why in India its demand is very less”, he said.