The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
Karnataka proposes to auction 15 of its Category-C mines to end-users In what could be a first for the country’s iron ore sector, the Karnataka government is readying an action plan to auction iron ore mines to end-users. To begin with, it has proposed to put 15 of its 51 …
‘Step taken by the State is valid as a right of pre-emption’ Orissa High Court on Wednesday upheld the State government’s circular of December 2012 in which the government had asked the mine owners in the State to supply half of their mine lumps to local standalone units. Petitions dismissed …
At a time when the country is facing several hindrances in mining activities, NMDC, the largest state-run iron ore miner, has recorded the highest level of production of 30.18 million tonne for FY14. The company reported a 11% jump in production this year. The despatches or actual sales of ore …
The MMDR Bill had proposed sharing of miner's profits with the project-affected people amongst other things The UPA's attempt to overhaul the law governing malpractice-ridden mining sector by replacing a 50-year-old legislation, has been wasted with the new mining bill lapsing. The Mines and Minerals Development and Regulation (MMDR) Bill …
Investment of over Rs 35000 cr may be put on hold by industry Finance minister P Chidambaram's move to retain 5 per cent duty on export of pellets has deeply disappointed the iron ore mining industry. The industry, which was expecting duty withdrawal in the interim budget 2014-15, said the …
The judges asked the counsel for the industries to work out the mining quota within themselves and the government within the ceiling The iron and steel industry in Karnataka did not get the existing cap on mining output raised at Monday's hearing in the Supreme Court. The Bench, chaired by …
Mine & metal cos want reversal of order that asks miners with partial green nod to get fresh approval for entire area by Jan ’15 India’s top mining and metals players plan to approach the prime minister and the environment and forest minister to scrap, or at least modify, a …
In Nov 2013, SC allowed auction of 11.4 mn tonnes of iron ore lying idle at various mine heads and jetties A Supreme Court-appointed committee has decided to put on auction about four million tonnes (mt) of iron ore stock at various mine heads in Goa. To begin, the ore …
Only 15 mines have resumed mining with a combined capacity of 5.72 million tonnes per annum Even as the Supreme Court allowed the reopening of iron-ore mines in Karnataka seven months ago, most are still waiting for regulatory approvals to restart operations. Only 15 (12 from Category A and three …
Don’t blame just the industry for the country’s mineral production falling 2.5% in April-September, dragging down the overall industrial output and GDP. Seven months after the Supreme Court lifted the ban on iron ore mining for the majority of lease areas in Karnataka that accounted for 70% of the state’s …
Vests all mines with Mysore Minerals to conduct the auction The Karnataka government has started the process to auction iron-ore mines under Category C by a Supreme Court direction. The combined capacity of all these mines is five million tonnes a year. “As directed by the Supreme Court, we have …
To explain to Supreme Court the economic impact of the ban The Ministry of Mines is expected to soon file an affidavit in the Supreme Court (SC) explaining the need to lift the ban on mining in major iron ore producing states, including Goa and Karnataka. According to the latest …
Only 10-12 mines out of 117 have actually started operations after SC lifted ban After the Supreme Court allowed category A & B mines to resume operations in Karnataka three months ago, only 10-12 mines out of 117 have actually started operations. Apart from procedural delays, most miners are hobbled …
Govt refuses to budge preparing the field for face-off The tussle between the state government and miners over the recent order on mining stamp duty has hit a new pitch as the former refused to relax the deadline for collection of the levy. While miners, such as Tata Steel, have …
The first part of the report is believed to contain preliminary observations, suggestion and overall findings Justice M B Shah Commission, inquiring into illegal mining activities across the country, has submitted its first report to the Union mines ministry about mining activities in Odisha Tuesday evening. The content of the …
A study group of the mines ministry has recommended significant increases in royalties on production of key minerals, which if approved can lead to 50% increase in royalty collections for mineral rich states such as Odisha. However Odisha is unhappy, as is the mineral industry. Reviewing royalty on major minerals …
The Supreme Court had banned mining in Karnataka in July 2011 The crisis seems to be far from over for the mining industry in Karnataka, Goa and Odisha, the three major iron ore producing states in the country. Though some relief came for the industry in Karnataka last year and …
The Odisha government has agreed to form a committee to look into lease area encroachment by mine lease holders after getting direction from Shah Commission to this effect. The committee is scheduled to start functioning from March 4 and submit its report soon. Illegal mining enquiry agency, Justice M B …
Exports of iron ore are likely to fall further during the next financial year (2013-14) and touch a record low, as Railway Minister Pawan Kumar Bansal ignored the demand for a level field in the freight rates charged on movement of iron ore for domestic use and exports. There is …
A six member team of Shah Commission, enquiring into illegal mining activities in Goa and Odisha, arrived here on Tuesday. The commission will hear views of the mine owners during this round of visit to the state. "We will be hearing the lessees during the visit that will continue for …
