BANGALORE: Outgoing Chief Minister B S Yeddyurappa had claimed that he should be given the Nobel Prize for banning iron ore export in the state, but business bodies say that his decisions have left iron and steel industries in the lurch."Steel making is a continuous process and cannot be halted abruptly," said the Bangalore Chamber of Industry and Commerce (BCIC) in a statement. This comes after Karnatakabased iron and steel companies are facing closure in the next couple of days following a Supreme Court order last Friday halting mining activities in Bellary region.Sajjan Poovayya, chairman (Karnataka) of the Federation of Indian Chambers of Commerce and Industry (FICCI), said the threshold of companies operating with legitimate licences would also increase due to such decisions. On the Lokayukta report, he said it was due to a few politicians that there was a ban for legitimate exporters, which caused huge loss to the state exchequer.Iron Ore in vast amounts seizedBELLARY: About 5,000 million tonnes (MT) of illegally transported iron ore was seized here today following a crackdown after a Supreme Court order banning mining activity here, a top official said.District Deputy Commissioner, Amlan Aditya Biswas, said that the 4,957 MT of iron ore was being transported from NMDC yard in railway wagons and lorries to a steel plant owned in Toranagallu, Bellary district, was seized.The officials were also verifying documents seized during the raid, he said, adding authorities have been keeping vigil against illegal transport of iron ore.
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