Minerals and Metals Trading Corporation (MMTC) has offered its services to facilitate marketing of Goan iron ore at best possible price in the international market.

This has come at a time when the Goan iron ore industry is about to resume mining operations but is a bit subdued due to the low price of ore at the international market.

Chairman and managing director of MMTC Ved Prakash assured chief minister Laxmikant Parsekar of their support in the mining sector.

This was when Prakash along with his chief general manager P K Das, additional general manager A F Sequeira and former MMTC official K A Narasimhan paid a courtesy visit to the chief minister's office on Tuesday in the secretariat.

Being a pioneer in the export of various minerals for last five decades and also being a canalized agency of Government of India for higher grade iron ore (+64% FE), MMTC volunteered its services to assist Goa government to dispose the large chunk of iron ore lying along various operational areas of mines, jetties and port, according to a press release.

It assured the Goa government to offer its services for facilitating marketing of Goan iron ore at best possible price in international market in very transparent and time bound manner.

Parsekar appreciated the proposal of MMTC to assist the Goa government to market iron ore at international prices to revive the iron ore industry, the press release added.

Established in 1963, MMTC - a PSU under Ministry of Commerce, Government of India, is one of the two highest foreign exchange earners for India and is a leading international trading company with a turnover of around US$ 5 billion.

Earlier, Prakash congratulated the chief minister for early start of mining in Goa and reviving the iron ore industry that has crippled the economy after the prolonged ban in Goa.

MMTC is a major global player in the mineral trade and is the single largest exporter of minerals from India.