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 …
Plea says Goa, pvt firms violated mining ban, SC issues notices The Supreme Court on Monday directed the Goa government to respond to a petition alleging violation of its October 5 ban on mining and transportation of iron and manganese ore in the state. The forest bench led by Justice …
PANJIM: State government’s reluctance to act on Supreme Court-appointed Central Empowered Committee (CEC) directions to keep in abeyance all NOCs granted for export of Maharashtra origin iron ore, has proved fruitful to the trading company ~ Prime Minerals ~ which so far has exported 60,000 metric tonnes of ore from …
GPCC president wants state govt to represent the case in SC properly Goa Congress today alleged that the Parrikar government was handling the issue of mining ban in the Supreme Court (SC) casually, which can lead to serious problems in the state. "Goa government should appoint a good counsel to …
The authority, while hearing over the plea filed by merchant miners on Wednesday, said, it will soon issue the written stay order The Revision Authority, set up under the Union mines ministry, has stayed the enforcement of a resolution of the state government that had barred merchant miners to produce …
SC stipulated that a max of 25 mn tn of iron ore can be extracted annually from Bellary district, 5 mn tn from Chitradurga, Tumkur district Faced with the constraints on granting new mining leases in view of the cap on extraction of iron ore at 30 million tonne per …
The SC appointed Monitoring Committee is currently assessing the quantity of iron ore available at these dumps in the three mining districts The Supreme Court appointed Monitoring Committee, which is supervising the e-auction of iron ore, has planned to put on auction iron ore dumps containing mostly low-grade iron ore. …
Supply drought from India is one important reason why spot ore prices climbed so strongly in December after sinking to a 3-year low in September In an otherwise instructive guidance for all steel stakeholders, global rating agency Fitch Ratings in its ‘2013 outlook steel raw materials producers’ report says India …
The four-member National Green Tribunal headed by Justice VR Kingaonkar barred the Environment and Forests Ministry from granting any environment clearance to Goa's iron ore mines without its approval, even as it ordered stoppage of all mining at mines whose initial clearance of five years had expired. But the Tribunal's …
The Odisha Sponge Iron Manufacturers' Association is seeking a long-term policy to supply ore to local industries Faced with shortage of raw material and high prices of iron ore, sponge iron makers in Odisha have asked state-controlled miner Odisha Mining Corporation (OMC) to abandon the auction-based method of price determination. …
Steel units and sponge iron makers operating in the state without raw material linkages have demanded holding of separate e-auctions for local end-use industries and bidders having units outside the state. “There should be separate e-auctions for Odisha-based industries and units located outside the state. While units outside the state …
Public sector iron ore miner NMDC Ltd has decided to reduce the price of lumps, iron ore with iron (Fe) content of 65 per cent by 5.9 per cent. The price for lumps will accordingly come down by Rs. 320 a tonne from the existing Rs. 5,380 to Rs. 5,060 …
Posco, Asia’s third-largest steelmaker, agreed to buy a stake in ArcelorMittal Mines Canada Inc, Chung Jae Woong, a Seoul-based spokesman at Posco said. The Korean steelmaker hasn’t decided on the amount of stake it will purchase or for how much, Chung said on Tuesday. The Maeil Business Newspaper reported earlier …
Iron ore inventories at China's main ports hit a two-year low last Friday, falling 2.06 mn tonnes to 73.81 mn tonnes Iron ore steadied in thin pre-holiday trade after a three-week rally with markets cautious over weak steel demand in China, the world’s top steel and iron ore consumer. The …
PANJIM: Alleging that the Goa Foundation (GF) had "tarnished their image" in connection with the excess iron ore production case which now stands to be withdrawn, mining firms have written to Goa State Pollution Control Board (GSPCB) demanding "compensation". The 42 mining firms which were accused of excess production by …
ML Rungta, Rungta Mines, Indrani Patnaik and Serajuddin among offenders The vigilance department in Odisha has initiated cases against mine owners in connection with illegal mining. The miners against whom cases have been lodged include ML Rungta (Silijora-Kalamati iron ore & manganse mines), Rungta Mines Ltd (Jajang iron ore & …
The Karnataka Iron and Steel Manufacturers’ Association (KISMA) on Tuesday urged the State government to expedite the resumption of operations at all ‘A’ category mines, so that the steel industry gets adequate supply of iron ore. Addressing reporters, KISMA president Vinod Nowal, who is also the CEO of JSW Steel, …
The illegal mining committed during 2006-11 in three districts of Karnataka has resulted in the state losing a revenue of Rs 3,414.45 crore and the government could recover only Rs 7.22 crore, a report by Comptroller and Auditor General (CAG) of India said. In Chitradurga, Tumkur and Hospet divisions four …
Members in the Legislative Council on Wednesday demanded a foolproof policy for controlling illegal sand mining in the State and conserving rivers for future generations. Illegal sand mining and use of mechanised boats for extracting sand from river basins posed a threat to the existence of rivers, they contended. JD(S) …
State-owned miner NMDC Ltd is working out a method to enter into long-term supply contracts with buyers for iron ore produced and sold through e-auctions in Karnataka. The company, in a recent submission to the Supreme Court, indicated it would enter into long-term contracts by providing basic price and fixing …
Odisha chief secretary BK Patnaik today appeared before the Supreme Court along with state steel and mines secretary Rajesh Verma and Aditya Prasad Padhee, principal secretary to Chief Minister, for contempt of court in a matter related to granting of iron ore mines to Bhushan Power & Steel Ltd (BPSL). …
