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The annual production of iron ore has been increased up to 60,000 tonnes in Punjab, and will be further increased next year with the discovery of new reserves. Punjab Mines and Minerals (M&M) Minister Sibtain Khan stated this, while presiding over a department meeting, here on Monday.
Sibtain said work to explore new areas for iron ore has been speeded up and the services of private sector are also being utilised for this purpose. He said the demand for iron ore is increasing day by day across the country. During one year over 30 licenses had been issued for exploration in various areas, while 15 leases had been given to thee concerned parties, he added.

Copyright Business Recorder, 2007

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