Glencore crude trader leaves firm after seven years
Over roughly the last 12 months, Glencore’s head of crude trading in the US and at least two other traders have departed.
A state of uncertainty looms large in Goa’s mining belt, as people fear closure of several mines, which may spell doom for many dependent on this industry in the coastal state.
The mining belt, which runs across seven out of 12 talukas of the state, is prominently dependent on extraction and transportation of ore to earn money.
A total 90-odd leases scattered over these talukas has 20,000 trucks plying between the mining sites and jetties where the ore is dumped into smaller ships which carry it forward to the harbour.
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