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 …
New Delhi: The Supreme Court on Friday stopped iron ore mining in Karnataka’s Bellary district after its environmental panel warned that the forest cover of the region would be completely destroyed by the unlawful operations of mining barons whom the Centre and state governments have failed to stop. “Largescale illegal …
Santosh Hegde indicts JSW, Adani and NMDC in the brazen loot of natural resources Iron ore is a dark, dirty mineral usually found in inhospitable terrain, and under baking hot conditions. The process of mining, extracting and transporting it is said to be messy with harmful consequences for the environment. …
Disagreeing with a recent decision of a Group of Ministers on the money to be shared by mining companies for the development of the affected region, Chhattisgarh chief minister Raman Singh said the local populations must be entitled to a share of the profits accruing from the mine and not …
The Supreme Court on Friday said that mining activities in Karnataka, especially in Bellary region, will have to stop if it has crossed a certain point of endurance for the environment. “There may be leases, legal or illegal, but if it has gone beyond a certain point, it has to …
State-run iron ore miner NMDC Ltd has finalised a Rs 3,000-crore slurry pipeline project for evacuating ore from its Bailadila mines in Chhattisgarh to Visakhapatnam in Andhra Pradesh. Rana Som“I have just finalised the complete structure of laying the pipeline for evacuation of material from our Bailadila mines to Jagdalpur …
State-run KIOCL has got the lease to the 10 million tonnes Chikkanayakanahalli or CNH iron ore reserve, paving the way for supplies to its ore plant at Mangalore for at least three years, according to a senior executive. KIOCL, formerly Kudremukh Iron Ore Company, was forced to give up its …
Describing the procedure of fixing the sale value of iron ore by Indian Bureau of Mines (IBM) as incorrect, Chief Minister Naveen Patnaik has requested the Centre to revise the price to match the prevailing market rate. Naveen said in a letter, reportedly written to Union Minister of State for …
National Mineral Development Corporation (NMDC) is all set to acquire stakes in two iron ore mines and a phosphate mine in Australia this week to bolster its resource base. It would sign two MoUs to acquire at least 50 per cent stakes in Legacy Iron Ore and Stellar Resources in …
Burying its past failures, International Coal Ventures Limited (ICVL), a special purpose vehicle of state-owned steel and mining companies, has prepared a blueprint to utilise its Rs 10,000-crore war-chest to acquire at least seven coal mines in Australia, Indonesia, USA and Mozambique in the coming months. The steel ministry has …
The government is willing to part finance domestic companies in their global bid for the Hajigak iron ore mine in Afghanistan given the strategic importance of the war-torn country for India. It has suggested that the Indian companies form a single consortium led by state-owned National Mineral Development Corporation (NMDC) …
Steel Authority of India Limited (SAIL) has received a shot in the arm with a Union ministry of environment and forests committee recommending environmental clearance for the firm
NATIONAL Mineral Development Corporation has asked the government to give a "careful consideration" before asking it to continue exports to Japanese Steel Mills and Posco ARGUING that imposition of 20 per cent ad valorem duty on iron ore exports would deplete its export earnings by a huge margin, National Mineral …
As part of its overseas expansion plan, National Mineral Development Corporation (NMDC) is acquiring two iron ore mines in Australia by taking a management control of 51%. The state PSU has identified three iron ore and three coal mines and has taken the board’s approval for the proposed acquisition of …
STATE-RUN NMDC has received the nod from the environment ministry for its `274 crore limestone project in Himachal Pradesh provided it fulfills certain conditions, including necessary forest clearances under the Forest Act. Both NMDC and steel major SAIL had inked a pact in 2009 to jointly develop the project to …
Namrata Acharya / Kolkata September 28, 2010, 0:13 IST Firms say revenue sharing with locals is noble but not practical The provision in the new mining Bill approved by a group of ministers last week for 26 per cent profit sharing by mining companies with affected residents of the area …
