Digital Goa, Feb 6 – Goa’s iron ore reserves have been pegged at 363.229 million tonnes and remaining resources are estimated at 1092.42 million tonnes by the Indian Bureau of Mines as on April 1,2015. This information was given in the Rajya Sabha by Union Minister of State, Ministry of Steel. Of this iron ore hematite reserves are 358.239 million tonnes (358239000 tonnes) and remaining resource are 831.075 million tonnes (831075000 tonnes) and Iron ore magnetite reserves are 4.99 million tonnes ( 4990000 tonnes ) and remaining resource are 261.345 million tonnes ( 261345000 tonnes). A resource is that amount of a geologic commodity that exists in both discovered and undiscovered deposits. Reserves are that subgroup of a resource that have been discovered, have a known size, and can be extracted at a profit.
