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"To encourage enrichment of low-grade iron ore, of which we have huge reserves, I propose to reduce basic customs duty on plant and machinery imported for setting up or substantial expansion of iron ore pellet plants or iron ore beneficiation plants from 7.5% to 2.5%".

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Jun 11, 2008· Corporation Press release on June 11, 2008 at 2.00 p.m. Minerals will supply an iron ore beneficiation plant to BMM Ispat Ltd's Hospet-Bellary mine in Karnataka, Southern India.

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