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 …
The transaction is likely to fetch the Centre Rs.7,000 crore The Cabinet Committee on Economic Affairs (CCEA), on Thursday, cleared a 10 per cent stake sale of the Centre’s equity holding in NMDC through the ‘offer for sale’ route. The transaction is likely to fetch about Rs.7,000 crore. The CCEA …
The commission during its recent visit to the state from October 3-11 scrutinised records of 81 mines out of a total of 186 mining leases The Justice M B Shah Commission of enquiry which is set to visit Odisha for the third time from October 31 will take up field …
New Delhi Taking the first step towards raising R30,000 crore from disinvestment during the current financial year, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the disinvestment of 10% paid-up equity capital of National Mineral Development Corporation (NMDC). The government currently holds 90% stake in the mineral exploration …
Global metals & mining major Rio Tinto said it was not keen on exporting iron ore to be produced from its proposed mining project in Odisha, maintaining that its priority was to cater to raw material needs of local industries. Rio Tinto was to take up the $2 billion iron …
BHUBANESWAR: The State Government is seriously contemplating to revive the old agreement with Australian mining giant Rio Tinto for undertaking mining activities in the State. The three-day visit of Australian High Commissioner Peter Varghese commencing from Friday has brightened the prospects of a fresh agreement. He has sought an appointment …
Illegal mining probe agency Justice M B Shah Commission of enquiry has sought the state government’s view on imposing a ban on export of minerals, especially iron ore. The probe panel, which recently concluded its nine-day long tour to the state to verify mining lease records and other documents, has …
PANJIM: In the wake of Supreme Court order suspending mining operations in the State, including halt on transportation of iron ore, Goa State Pollution Control Board (GSPCB) has decided to hold a special meeting of its board of directors (BoD) in the first week of November, to once again decide …
The Karnataka High Court on Wednesday refused to grant bail to IFS officer S. Muthaiah and retired Deputy Director of Mines and Geology Department S.P. Raju, accused in the illegal mining case against the former Minister G. Janardhan Reddy-owned Associated Mining Company (AMC). Justice H.N. Nagamohan Das passed the order …
Illegal mining enquiry agency M B Shah Commission would take more time to submit the preliminary report on Odisha because of complexities involved in investigation of mining lease records. The commission, which has already stated that it might come for third time to complete verifications all the lease deeds of …
Five mining leases with a combined capacity of 2.56 mt are waiting for final approval to restart mining in Bellary & Chitradurga districts The resumption of iron ore mining in Karnataka is likely to be delayed as none of the Category A mines is able to secure all statutory approvals …
PANJIM: Director of Mines and Geology Prasanna Acharya said on Wednesday that all 42 mining leases, which were issued show cause notices for illegal condonation of delay last month, have filed their replies and a decision with regard to the status of the condonations would be taken by end of …
The country's largest miner has decided to review prices every month now, instead of once every three months Local steel makers were in for a surprise when NMDC Ltd, the country’s largest iron ore miner and supplier to most steel and sponge iron makers, announced a cut of up to …
The state government has formed a 12-member committee to expedite the process of mining lease renewal, the applications for some of which have been pending for over 10 years. The decision to form the committee follows a recent resolution of the state government, which decided that henceforth, mines meant only …
Mineral Enterprises, the only company to secure all clearances, suspends ops Bangalore-based Mineral Enterprises Limited (MEL) has suspended mining operations at its iron ore mine in Chitradurga district after its lease period expired on October 6. The company has managed to produce 35,000 tonnes in one month. MEL was the …
Mumbai London-listed Vedanta’s iron ore mining arm in India, Sesa Goa, is likely to produce only a third of its fiscal 2012-13 production target of 15 million tonne from Goa as the company faces a lengthy spell of non-production in the state. In September, the Goa government first announced a …
Once feted for being India’s highest taxpayers, miners are the new untouchables in town. Banks don’t want to lend to them, policymakers are hesitant to frame policies for them, customers don’t know what to expect from them. How much of this mess is their own greed and how much is …
Mines minister Dinsha Patel has asked finance minister P Chidambaram to immediately roll back the customs duty on iron ore from 30 per cent to 15 per cent. He argued that exports of the mineral has sharply declined leading to accumulation of over 100 million tonne of ore at various …
The ongoing enquiry into illegal mining in Odisha by the members of Shah Commission may get an extension due to huge pile of files and some complexity detected in the mining lease papers. So far, the commission has checked files of only 32 mining leases, out of the list of …
The Orissa government which faces the allegation of large-scale irregularities in mining operations, has sparked off yet another controversy by bringing out an “ambiguous” resolution to regulate the sector. The resolution is viewed by mining experts as a “hurried” move to give an impression to the visiting Shah Commission that …
New Delhi: The Supreme Court on Friday imposed a complete ban on mining activities in all the 90 mines in Goa as well as the transportation of iron and manganese ores till further orders. Goa is the country's second-biggest iron-ore producer—with an output of more than 50 million tonnes—and exports …
