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 …
PANJIM: The Directorate of Mines and Geology is working on a proposal not to allow applications for mining leases, prospecting licences or reconnaissance permits in areas covered under previous concessions granted by Portuguese Government or leases under Mines and Minerals Development Regulation Act, the Economic Survey 2012-13 states. “Proposal shall …
Steel mills still operating at 50% capacity due to shortage in supply of iron ore Restoration of normalcy in supply of iron ore to steel mills in and around Karnataka might take more time if the Central Empowered Committee (CEC) accepts the request for reclassification of mines. Currently, CEC, following …
Say it failed to make good on promises, including one related to the miner's growth NMDC's sole foreign acquisition has hit a roadblock. A few shareholders in Australian company Legacy Iron Ore, acquired by NMDC in 2011, have sent it a notice, asking it to either fulfill the promises made …
Steel producer Southern Ispat & Energy Ltd (SIEL) is planning to enter into backward integration by setting up a 1.2 -million tonne pelletisation plant in Chattarpur, Madhya Pradesh. With an estimated investment of Rs 300 crore, the plant is set to start operations by April 2014. SIEL will invest Rs …
PANJIM: The Union Ministry of Mines dropped a bombshell Friday, by shooting a copy of the letter addressed to Orissa government to all State governments which says that basic Central government permissions were needed before renewal of mining leases and permissions from the Indian Bureau of Mines and assessment of …
Exports of iron ore are likely to fall further during the next financial year (2013-14) and touch a record low, as Railway Minister Pawan Kumar Bansal ignored the demand for a level field in the freight rates charged on movement of iron ore for domestic use and exports. There is …
PANJIM: Tearing into the State government’s affidavit (reply), Goa Foundation in its rejoinder, has argued that if the original lessee cannot mine the ore from the mine, then it should be returned to the state instead of being allowed to be mined by a raising contractor. Iron ore resource is …
PANJIM: The affidavit by Goa Foundation in the PIL on illegal mining that is likely to come up Wednesday referring to raising contractors said, “As the case of Badruddin Mavani has shown, eventually powerful actors make deals with the owners in which 95 per cent of the income of the …
The members of Shah Commission, enquiring into illegal mining activities, will reach Bhubaneswar on Tuesday. The fifth round of hearing of the state government and the miners by the Commission is expected to take place from Wednesday after Justice M B Shah reaches here. A team of the state officials …
Supreme Court-appointed CEC recommends new system in order to facilitate speedy supply of iron ore to steel mills In an attempt to speed up supply of iron ore to steel mills, the central empowered committee (CEC) has decided to conduct advance e-auction of iron ore produced by state-run miner NMDC …
PANJIM: The Central Government, acting through the Union Environment and Forests Ministry, has blamed the Goa government for the current mining imbroglio, in a 107-page affidavit filed before the Supreme Court on Wednesday, pointing out to repeated directives issued by it, in a bid to ensure compliance of various mining …
The R&R; Plans have been prepared and approved by CEC for 51 mining leases comprising of 28 Category A and 23 Category B mining leases The ore-starved steel mills in Karnataka have some sweet news to cheer as the Supreme Court-appointed Central Empowered Committee (CEC), has recommended the resumption of …
The Supreme Court-appointed Monitoring Committee, which is supervising the e-auction of iron ore in Karnataka, is likely to bring iron ore dumps for auction later this month. The committee is awaiting final approval from the Central Empowered Committee (CEC) to auction about six million tonnes (mt) of dumps. “The assessment …
“Steel and allied industries facing shortage of iron ore” Taking into account the acute shortage of iron ore, the Central Empowered Committee (CEC) has recommended to the Supreme Court to consider permitting resumption of operations in all “Category-A” mining leases in Karnataka where mining has been suspended. The CEC also …
Goa’s mining industry took their urgent plea to the Prime Minister on Monday seeking his help to resume mining in the state. In a memorandum presented to Prime Minister Manmohan Singh, an organisation representing workers and other mining beneficiaries pleaded “an affirmative political consensus between the state and the central …
Iron ore mining is set to resume on a full scale in Karnataka with the Supreme Court-appointed Central Empowered Committee (CEC) recommending that all lessees under A and B categories be permitted to restart mining operations. The panel, in its recommendations to the apex court, has said that all the …
PANJIM/NEW DELHI: The Goa Foundation PIL which resulted in suspension of all mining operations in Goa is listed before the Forest Bench of the Supreme Court for Friday, but it may or may not come up as six other cases are listed before it for consideration by the Bench that …
Jailed mining baron Gali Janardhana Reddy and his associates virtually ruled the roost in Bellary district in 2008 and 2009 when iron ore mining was at its peak. The CBI, which is probing the illegal iron ore mining activities in Karnataka and Andhra Pradesh, has said that “Reddy, who was …
Together, these mines are allowed to produce 3.3 mt of ore a year, about 10% of the iron ore requirement of steel mills in the state About 10 months after the Supreme Court had approved the resumption of mining operations by 18 category-A mines, six mines have resumed operations in …
The Odisha government has allowed miners working under special conditions after expiry of lease validity to sell iron ore raised before October 2012 in the open market, which traders say would boost supply by around 10 million tonnes (mt). "The lifting of the restriction would enable miners to sell iron …
