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 …
Chennai The Supreme Court’s extended ban on mining in Tumkur and Chitradurga districts of Karnataka is expected to cast a shadow on the iron ore miners and steel companies. The ban on two more districts, in addition to the one in Bellary, will result in a sharp decline of iron …
Corporatisation, support for exploration and catalysing exports will fortify the mining sector CHANDRAJIT BANERJEE: The new Mines and Minerals (Development and Regulation) Bill, or MMDR Bill, is slated to be introduced in Parliament shortly. The Supreme Court has recently ordered cessation of mining and transport of iron ore in Bellary, …
The Supreme Court-appointed Indian Council for Forest Research and Education (ICFRE) team will visit mining areas in the district for five days from tomorrow to assess the environmental impact due to mining. The 18-member team, headed by ICFRE Chief Director, Mr K.V. Bahuguna, will visit Sandur, Bellary and Hospet, official …
Detection of illegal iron-ore mining in Karnataka has led to developments that impinge on the sustained supply of the critical input to the steel-making industry. Industry sources in the Bellary-Hospet region told Business Line here that Karnataka supplies iron ore to several large-scale steel plants in the State and in …
When companies upscale their green quotient and corporate governance goes paper-free, it's time to sit up and take notice. Going green has been part of corporate-speak for several years, but never before has it occupied as much mind-space of shareholders at AGMs. But, then, nor has the Ministry of Corporate …
The Supreme Court on Friday refused to lift its ban order on iron ore mining in Bellary district of Karnataka by the private companies but permitted the central PSU, National Mineral Development Corporation to resuming it from Saturday under strict conditions for maintaining the supply to the domestic steel industry. …
The Supreme Court on Friday permitted state-owned NMDC to operate two of its mines in Bellary in Karnataka from Saturday. This will allow NMDC to produce one million tonne of iron ore a month in Karnataka to meet the domestic requirements. However, the court clarified that no part of the …
NMDC The Supreme Court marginally relaxed its tough stand on mining iron ore in Karnataka's Bellary region, allowing only public sector NMDC to operate there. Private operators have been stopped from further mining and export. NMDC has two mines there. “Under the extraordinary circumstances, NMDC be allowed to operate these …
Karnataka-based iron and steel makers say that it might prove difficult for NMDC to fulfil Supreme Court's order of one million tonnes per month supply to the industry. The Supreme Court order states that the company should implement the order from tomorrow. NMDC is currently operating at 4.5 million tonnes …
In a relief to the domestic steel industry, the Supreme Court on Friday allowed state-owned NMDC to operate its two mines for production of one million tonne iron ore per month in Karnataka’s Bellary district. “We are of the view that under the extraordinary circumstances, NMDC be allowed to operate …
Supreme Court rejects plea of private miners, directs NMDC not to export mineral The Supreme Court has given conditional nod to public sector undertaking National Mineral Development Corporation for mining iron ore in Karnataka’s Bellary district. The court rejected the plea of the private miners seeking permission to resume operations …
Orders Environment Impact Assessment study in the area The Supreme Court, which earlier suspended mining operations in the Bellary area, on Friday partially lifted the ban and allowed the public sector National Mineral Development Corporation to undertake mining in two leases to cater for the domestic market. The Forest Bench …
A week after it suspended mining operations in Karnataka’s Bellary district, the Supreme Court on Friday allowed the National Mineral Development Corporation (NMDC), a public sector enterprise, to operate its two mines from tomorrow in a bid to meet the demand. “We are of the view that under the extraordinary …
India's Supreme Court has allowed state-run NMDC Ltd. to operate two iron-ore mines in the southern state of Karnataka's Bellary district, a lawyer involved in the matter said Friday. Last week, the court had ordered a halt to all mining in the Bellary district to prevent environmental degradation. The state-run …
New Delhi: After reports on illegal mining in Bellary felled Karnataka chief minister B S Yeddyurappa, the Centre on Friday made a strong pitch for partial lifting of the ban on extraction of iron ore citing catastrophic effect on the steel industry that could cascade to the automobile and other …
India's largest iron ore miner NMDC feels that the Supreme Court ban on iron ore mining in the Bellary-Hospet region will not have an immediate impact on ore availability for the domestic steel and sponge iron industries. “Most of the consumers of ore from this region have an inventory of …
India will commence price negotiations with Japan for export of iron ore by National Mineral Development Corporation (NMDC) in the next few weeks, with the iron ore miner recently receiving the draft Cabinet approval on the estimated quantity of ore exports for the next five-year period. An Indian delegation, comprising …
The Indian mining sector is a casualty of lack of a national mining policy and guidelines, which has prohibited a unified extraction, development, pricing and selling of the product in the domestic and export market across the producing states. The surfacing of the facts on illegal mining and the latest …
