With misclassification of different grades of minerals by mining leaseholders found to be at the root of illegal mining, the Union mines ministry has tightened the procedure to be followed by states for grading and determining the average sale price (ASP) of iron ore and other major minerals. Pointing out …
Bhushan Steel has already filed contempt case on similar case The recent Supreme Court notice to the state government to file response on Essar Steel’s plea for providing an iron ore lease for its steel plant as per its Memorandum of Understanding (MoU) with the state government has brought fresh …
E-auction launch in the state has been delayed amid pending written consent from the CEC The Odisha government will have its next meeting with the Supreme Court appointed central empowered committee (CEC) in August to have the final round of negotiations on rolling out the proposed e-auction in the state …
OMC to auction 300,000 tonne leftover iron ore fines The state government has taken over the B K Mohanty iron ore mines at Uliburu in Joda area after it was established prima facie that the miner had illegally raised minerals beyond its permitted area without any lawful authority. "We have …
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 …
Levy burden on miners pegged at Rs 50,000 crore if govt order implemented The miners have prayed to the court to quash the Indian Stamp (Odisha Amendment) Act, 2013, which allows the Odisha government to collect stamp duty on lapsed mining leases A swarm of petitions filed in the state …
Report on ore linkage is almost in the final stage The inter-ministerial committee of the state government formed to formulate a long-term ore linkage policy for local industries is all set to submit its report by July 15. "Our report on ore linkage is almost in the final stage. The …
The much debated draft State Mining Policy 2012, which was the bone of contention between the State and Central Government over handling of dumps, would be finally announced on July 15 and notified by the month end. The policy recommends capping of ore exports to 45 million tones (MT) of …
District administration acquires 2,700 acres for steel project In what is being seen as a milestone for Posco’s proposed mega steel project near Paradip, Odisha’s Jagatsinghpur district administration has completed the acquisition of 2,700 acres required for its first phase. Ever since the South Korean steel major signed a memorandum …
With the ban on iron ore mining in Goa pushing bank deposits to a negative growth of 11 per cent during 2012-13 and the non-performing assets (NPAs) in the mining-related sectors too rising steadily, bankers in the State see robust growth in agricultural lending in 2012-13 as the only silver …
Land acquisition for the South Korean steel major Posco's proposed steel plant near Paradip was completed on Thursday with the Odisha government demolishing 25 more betel vines at Gobindpur village near Paradip in Jagatsinghpur district. 'We have acquired 2,700 acres of land for Posco's first phase of 8mtpa capacity steel …
CSM technology is the IT arm of the steel and mines department and helps maintaining daily mineral transaction data on website orissaminerals.gov.in The state steel and mines department has decided to send its officials to Karnataka to study modalities of iron ore e-auction there, as it is gearing up to …
An official inquiry has found illegal extraction of iron ore from near the B K Mohanty mines at Ulliburu forest in Joda mining sector, sources said. Collector (Keonjhar) Bishnu Prasad Sahu on Friday submitted a report in this regard to the government following allegations that minerals worth Rs 2,000 crore …
There's good news in store for Karnataka's ore-starved steel industry. The Supreme Court-appointed Cental Monitoring Committee (CEC) is set to e-auction low-grade iron ore dumps. On June 26 or 27, the panel is likely to auction about 6,00,000 tonnes. The move would provide relief to the steel industry, operating at …
The Rajasthan government has allocated a large iron ore block at Bhilwara to RINL in a move that has been approved by the union mines ministry. It is, perhaps, the first positive news coming out of the mining sector which is still reeling under the impact of the ban on …
Iron ore mining in Goa is expected to begin by August this year, an industry body said today. "We feel that mining will begin by August this year. The Supreme Court has given indications in that direction," Goa Chamber of Commerce and Industry (GCCI) President Manguirish Pai Raikar told reporters …
Says membership at stake if found guilty PANJIM: Goa’s apex industrial body Goa Chamber of Commerce and Industry has declared that ‘all those involved in illegal mining should be brought to book’ and if any member of the chamber is found to be involved in illegal mining his membership will …
SC had allowed these mines to resume operations subject to statutory conditions in order dated April 18 In what could be considered as fresh trouble brewing for the iron and steel sector in Karnataka, the mines and geology department, government of Karnataka, has recommended premature termination of 14 iron ore …
The country has lost $5 billion in foreign exchange owing to the ban on iron ore mining in the state. Had the ore been exported, it would have mitigated the Rupee fall by 25 paise, Chief Minister Manohar Parrikar has claimed. Briefing media persons after his return from New Delhi, …
Ore major keeping domestic price lower than landed cost of import; falling rupee does not come to rescue as international ore prices have also softened The rupee slide could result in a rise of the steel industry's import bill for key inputs, like coke. But, for now, it is unlikely …
If the M B Shah Commission's proposal for a complete ban on iron ore mining in Odisha is implemented, it may result in a fall of 11 million tonnes (mt) in the combined captive iron ore output of Steel Authority of India Limited (SAIL) and Tata Steel. Earlier, iron ore …
