World’s largest steelmaker ArcelorMittal may set up a solar farm on land alloted to it for a steel plant in Ballari district of Karnataka, in view of excess global steel capacity and delays in securing raw materials. The company had entered into a pact with Karnataka government for setting up …
BHUBANESWAR: ArcellorMittal which has proposed to set up 12 million tonne steel plant in Keonjhar district is yet to submit the detailed project report (DPR) to the State Government because of delay in land acquisition. Steel and Mines Minister Raghunath Mohanty informed this to the members while replying to a …
World’s largest steel producer ArcelorMittal has made some headway in India by getting possession of about 1,827 acres for the proposed 6 million tonne plant in Karnataka. The company said in its annual report for 2011 that it has completed all necessary steps to acquire the land in Karnataka and …
If court puts a cap on iron ore mining in Karnataka, it will be a severe blow to steel industry's expansion plans The Central Empowered Committee’s (CEC) final report on illegal mining in Karnataka submitted to the Supreme Court recently has sent shockwaves through the iron ore mining and steel …
State questions the ‘bald and somewhat unsubstantiated’ threshold limit set by the court. Karnataka is contesting the recommendations of two panels that have submitted reports to the Supreme Court calling for annual iron ore production in the southern state to be capped at 30 million tonnes, on the ground that …
New Delhi In what may hit steel and mining companies in Karnataka, the Central Empowered Committee (CEC) in its report to the Supreme Court has recommended that the iron ore mining in Bellary district should be capped at 25 million tonne (mt), whereas for other districts Chitradurga and Tumkur, a …
New Delhi, Feb. 7 (PTI): The world’s largest steel maker ArcelorMittal, which was unable to get regulatory approvals for its proposed $30-billion investments, has for the time being put on hold its India business plans. “It is very difficult to say any thing... When will we start the construction, when …
Wants cancellation of 49 iron ore leases, penalties on others The panel appointed a year earlier by the Supreme Court to probe illegal mining in Karnataka has made several recommendations in its final report, with far-reaching implications. The final report was given to the SC on Friday. The Central Empowered …
New Delhi The report of the Central Empowered Committee (CEC) on Karnataka’s mining sector, expected to be submitted to the Supreme Court this week, has the state steel industry on the tenterhooks. Steel companies in the state, including Kirloskar Ferrous Industries and BMM Ispat, are a worried lot over the …
Agovernment body has recommended that production of iron ore in three districts of Karnataka be restricted to 30 million tonnes per year, casting doubts over steelmakers’, such as Arcelor Mittal and Posco, plans to set up steel plants in the southern state. A report submitted by the Indian Council of …
ArcelorMittal India, the local unit of the world’s largest steelmaker, has started drilling operations at the Seregarha coal block in Latehaar district of Jharkhand, signalling that work toward setting up the proposed 3 million tonne steel plant may have finally started. ArcelorMittal has already applied for permission to the Jharkhand …
The Union Cabinet on Friday approved the Mines and Mineral Development Regulation Bill that seeks to attract investment by easing land acquisition by stipulating mining companies to pay more compensation to local communities in mineral-rich districts, that most firms felt would inflate costs. The Bill seeks to make coal miners …
Bangalore Steel makers, including global steel giants ArcelorMittal and Posco, are expected to slow down the pace of their projects in Karnataka as the ministry of environment and forests (MoEF) has decided not to clear any proposals in the state till the mining ban is lifted. According to sources in …
The Karnataka government, which is in the thick of controversy over acquisition of land for several big-ticket investors, is in no mood to accept certain changes proposed in the new Land Acquisition and Resettlement & Rehabilitation Bill tabled in Parliament last week. Instead, the government is in the process of …
Coal India is considering switching to a global opentender mode for developing its abandoned mines, a development that could inordinately delay the project. CIL was hoping to float these joint ventures by the middle of 2010. The world’s largest coal miner is seeking to develop some 18 old mines with …
Bhubaneswar: Apparently not worried over the pace of implementation of mega steel projects like Posco and ArcelorMittal in Odisha, the steel ministry on Friday said that mega projects need time. Mega projects are always associated with the problems related to land, water, raw materials and other issues. Therefore, it needs …
New Delhi The new mining Bill cleared by a group of ministers last week envisaging direct benefit to people from the minerals underneath the land they own, also has a provision for setting up a clutch of ultra mega mining plants (UMMPs) in the country. As per the proposal, state …
The Ministry of Mines, arguing that memoranda of understanding (MoUs) signed by mineral-rich states with steel or mining companies have no legal sanctity and are not enforceable, has directed the states to review existing agreements every six months vis-a-vis results and
