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 …
LUCKNOW: The Uttar Pradesh government on Wednesday assured full support to upcoming power projects in the state provided all formalities -- environmental clearances and coal linkages -- are completed before the power plants are set up. A high level meeting of the state government led by infrastructure and industrial development …
New Delhi The Steel Ministry today said Posco and Severstal cannot have majority stakes in their proposed joint ventures with state-run SAIL and NMDC respectively, envisaging a total investment of Rs 36,000 crore. "Talks are going on. There are problems in regards to the shareholding. But, we can't give them …
Iron ore miners are contesting the levy of a forest development tax by the forest department in Karnataka, but the levy has been incredibly beneficial for the exchequer’s coffers. Selling Karnataka’s forest produce like grass, amla, bark, lac, honey, silk cocoons and bamboo to industries attracts a 12 per cent …
NMDC has also decided to rope in an international consultant for devising a proper and professional pricing policy in place of the pricing formula currently followed Public sector mining company NMDC Ltd will take a call on iron ore pricing for the December quarter at its board meeting on October …
NMDC has raised iron ore prices by 8-13 per cent for domestic sales Fearing a further squeeze on profit margins, steel manufacturers have sought intervention of the ministry of steel in the issue of the recent “arbitrary” price increase in iron ore price by state-owned NMDC. In a letter dated …
The steel mills might have to wait for six months at least as 12 of the 18 mining leases still need to secure statutory nods The removal of ban on iron ore mining in Karnataka as directed by the Supreme Court on Monday is unlikely to bring immediate relief to …
In April, the court ordered 45 mines to seek government nod to resume operations The Supreme Court has allowed 18 mines to resume iron ore mining in Karnataka, the country's second-largest supplier, after a suspension of over a year on environment concerns, Justice Aftab Alam and Justice Ranjana Prakash Desai …
Expert panel says effective checks and balances in place to ensure work in scientific manner Iron ore mining in Karnataka is set to restart with the Supreme Court-appointed Central Empowered Committee (CEC) on Thursday giving the green signal to ‘A category’ of mines in the State to resume operations, provided …
This Report deals with the issues related to the implementation of the R & R Plans, resumption of the mining operations in “Category-A” mining leases and associated issues and is being filed pursuant to this Hon’ble Court’s order dated 17th August, 2012 in IA No. ___ of 2012 in Writ …
Initiates steps to resolve teething problems and procedural delays The Karnataka government has initiated steps to resolve some of the teething problems and procedural delays coming in the way of smooth transportation of iron ore sold through e-auction by the monitoring committee. It has decided to issue round-the-clock transit permits …
New Delhi This is for the second consecutive quarter NMDC has raised prices Iron ore miner NMDC has increased the contract price of the key steel-making raw material by 8-13% for the July-September period to cash in on the current demand-supply mismatch scenario in the market. “The NMDC Board, which …
The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities. Both the existing and new steel companies have lined up expansion plans as well as set up greenfield plants in …
Iron ore miner NMDC may announce a revision in the July-August contract price for the key input for steel-making at its board meeting scheduled on August 21. “The NMDC board at its meeting on August 13 did not take a call on iron ore price. It is meeting on August …
However, Chairman of SAIL, NMDC positive about development Differences on shareholding issue continue to come in the way of formation of two steel-making joint ventures--SAIL-Posco and NMDC-Severstal--involving over Rs 35,000 crore investment, as both the overseas firms are insisting on owning majority stakes in them. Though differences between the two …
Forest Bench says statutory clearance is a must The Forest Bench of the Supreme Court on Friday made it clear that no iron ore mining operations in Karnataka shall be permitted to resume unless there was statutory clearance for mining and till reclamation and rehabilitation was implemented in full. The …
The Supreme Court on Friday took a tough stand over the resumption of mining in Karnataka and asserted that unless it was sure that the reclamation and rehabilitation (R & R) steps are “hundred per cent” complied with, operations cannot be allowed. “There is an assumption that operations can start …
The ministry of environment and forests (MoEF) is planning to make public hearings mandatory for all mining licences coming up for renewal or where the mine is going in for expansion. The move is expected to add another layer of control over mining activities at a time when the Prime …
Bangalore After a three-year gap, the Karnataka government has initiated the process to recommend new iron ore mining leases, a move that could speed up the launch of large steel projects by ArcelorMittal and Tata Metaliks in the state. “We have started the process by surveying land in Bellary and …
The Supreme Court today asked the National Mineral Development Corporation (NMDC), the associations representing various private industries related to mining and iron ore and the Karnataka government to draft a scheme for the e-auction of iron ore. They will also evolve a pricing mechanism. The court did not pass any …
The Supreme Court on Thursday decided to consider the plea for re-opening of 16 iron ore mines in Karnataka, acknowledging the adverse impact on the steel industry due to ban on mining operations. A three-judge forest bench led by Justice Aftab Alam fixed as August 17 the date for considering …
