Allows Mining In Country’s Best Sal Forest, Elephant Reserve In Jharkhand

New Delhi: The environment ministry’s statutory expert panel, the Forest Advisory Committee (FAC), has bypassed its rules and earlier orders to clear iron mining projects by three private firms in the country’s best sal forest and the core zone of the elephant reserve in the Saranda forest division of Jharkhand.

Welcoming Supreme Court’s judgement on Khandadhar iron ore mine case, Posco-India today assured would significantly help to expedite the project and hoped the Central Government would ensure a quic

The Supreme Court today set aside the Orissa High Court order which had quashed state government's petition to allot iron ore licence to South Korean steel major Posco in Khandadhar hills in Sunder

Odisha government had first recommended granting of PL to Posco India in 2006 to the government of India

Central government will decide if South Korean steelmaker POSCO can have preferential access to an iron ore mine for its planned $12 billion steel plant, a top court said, providing a boost to the troubled project billed as the country's largest foreign direct investment (FDI).

POSCO, the world's fourth-largest steel producer, has waited eight years to get necessary clearances, land and an iron ore mining licence to start work on the plant in eastern Odisha state slated to have a capacity of 12 million tonnes a year.

The Supreme Court on Wednesday sought response from the environment ministry and others on an application filed by Sesa Goa seeking permission to transport, sell and export 4.766 million tonne of already mined iron ore lying at various locations in Goa.

A special green bench headed by Justice TS Thakur issued notice to the Centre, Central Empowered Committee (CEC), which is assisting the apex court in environmental matters, and Goa Foundation, the NGO on whose plea blanket ban on mining operations was imposed last year in the state.

House panel approves provision in mining bill requiring a miner to disburse an amount equal to the royalty earned by the govt

AParliamentary panel that examined the proposed new Mining Bill has recommended that coal and lignite miners too be asked to share an amount equivalent to the royalty they pay to the government with the project affected people as against the proposed 26% of profit they make.
A clause in the new Bill had proposed that miners of major minerals like iron ore and bauxite contribute an amount equal to royalty towards a “district mineral foundation (DMF)”, and coal and lignite mines part with 26% of profits towards compensating the project affected. The industry is opposed to this proposal, saying that this would, in effect, take mining tax in the country to 69-70%, the highest in the world.

PANJIM: The Justice MB Shah Commission's third report on illegal mining in Goa will be drafted only after the Supreme Court verdict on the petition on illegal mining in Goa is out and it will address issues of illegalities involved in transfer of leases and illegal ore exports specifically in the last five or six years before all mining in Goa was halted by the highest court in the land.

Talking to Herald, Justice Shah said that he will begin "drafting the report only after the apex court clearance", and that the report would only come out after the Supreme Court order. “We are waiting for the SC to pass its verdict on the petition filed in illegal mining in Goa,” he said.

Over 1000 Goans hit by the iron ore mining ban on Thursday began a 2-day "dharna" at Jantar Mantar near the Parliament House here under the banner of the Leftist Goenchea Mining Lokancho Manch (Goa