OTHERS

NMP to pitch for iron-ore export business

Staff Correspondent

MANGALORE: New Mangalore Port (NMP) here is making efforts to revive its flagging iron-ore export business.

With the closure of Kudremukh Iron Ore Company Ltd., which exports its ore through the NMP, looming large, the port authorities are left with no choice but to scout for prospective exporters in other parts of the State.

Keeping this in mind, the port authorities have organised a marketing meeting with exporters at Hospet in Bellary district on Tuesday to sell the port as a point of export.

Rail authorities invited

They have also invited authorities of the Hubli division of the South Western Railway to participate in the meeting to discuss the potential business and marketing opportunities available.

P. Tamilvanan, Chairman of New Mangalore Port Trust, told presspersons here on Monday that the port authorities are making these moves keeping in mind the fact that the Hassan-Mangalore broadgauge line is likely to be commissioned in the next two months.

He said there is lot of scope to transport iron ore from mines in Bellary to Mangalore via the railway line instead of road.

Admitting that there has been a drop in the transportation of iron ore during monsoon by road, he said these issues have been resolved and the port is since handling iron ore cargo.

Cargo

The port has handled 3.9 million tonnes of iron ore as on date compared to 3 million tonnes on the corresponding day last year.

While iron ore is presently being transported by road from Bellary, the commissioning of the Hassan-Mangalore broadgauge line will help exporters as the rate of transporting ore by road from Bellary to Mangalore, which is Rs. 1,050 per metric tonne, will reduce to Rs. 591 per metric tonne if its is transported by rail, he said.

On rail, the premium rate for transporting iron ore via Hubli is Rs. 892 per tonne and Rs. 1,084 per tonne via Salem and Palghat. The premium rates quoted by the Railways can always be negotiated and this will figure in the meet, he noted.