PANJIM: In a development that could send shivers down the spine of Goan iron ore exporters, China on Saturday said that they have already started looking out for alternate markets considering the unstable situation of ore supply from India, especially Goa. Chinese delegates, who were in Goa to participate and have first hand information about mining in Goa, against likelihood of a possible ban on exports, have said that capacities in Australia and Brazil would be enhanced and they would be scouting for new suppliers to compensate for the iron ore deficit from India. Goa supplies a major chunk of the ore exported from India to China but of late Indian exports which formed 25 per cent of China imports have fallen to 15 percent of its share from India. Shee Ming Li, Assistant Chief Representative, China Minmetals Corporation, said that iron ore supplies from India are not stable and no one can foresee what would be the mineral policy of the Indian government. He said ‘it’s a turning point for the international iron ore market as China is looking out to augment its supplies from countries such as Australia and Brazil. Li said that China was depending upon newer markets such as South Africa, Iran, Ukraine, Congo, South Africa, Zimbabwe, Indonesia and Venezuela for continuous supply of Iron Ore. While China already looks with suspicion towards the Goa market, the local traders too have begun searching for alternatives. Pisces Exim Private Limited, one of the leading iron ore traders who traded almost 10 per cent of Goa’s total ore, has said that they are looking out for alternatives for themselves. Prem Kumar, spokesperson, Pisces Exim Private Limited, said that there is lot of uncertainty in the iron ore sector. “Indian iron ore exports’ future is uncertain. We don’t know what will happen tomorrow,” he said, adding that the company has already started sending shipments to middle-east countries since last year. The industry sources said that many of the traders, who wanted to start trading ore between India and China, have already kept their plans on hold preferring to keep a watch on the entire situation.