Iron

Guidelines for prevention of misclassification of different grades of iron ore and other minerals

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 …

Steel ministry body calls for policy bias to discourage iron ore exports

The steel ministry’s strategic advisory body has said that export levels of iron ore need to be lowered to 15-20 per cent from the current 50-55 per cent, in order to safeguard the competitiveness of the domestic steel industry. In its recommendations to the draft National Steel Policy 2012, the …

Jena alleges Rs 4 lakh cr loss to state in mining scam

The Odisha treasury could have benefited to the tune of Rs 4 lakh crore in the form of non-tax receipts since 2003-04 had the state government cancelled the leases of mines running on deemed extension basis and handed those properties to Odisha Mining Corporation (OMC), said Union minister for statistics …

Forest permits of 7 mines withdrawn

PANJIM: The Forest Department has started the process of revoking wildlife clearances granted in forest areas and has so far withdrawn such clearances granted to seven mines operating within 10 kilometers of the boundaries of wildlife sanctuaries. Chief Conservator of Forest (CCF) Richard D’Souza told a representation led by Dr …

MoEF puts 46 mining companies on a leash

PANJIM: Tightening the screws on the state government for its seemingly belligerent attitude on mining dumps, the Ministry of Environments and Forests (MoEF) has issued show cause notices to 46 companies for mining from low grade iron ore /reject dumps in the State. The 46 mining companies have been issued …

CBI raids 17 places over illegal mining in K’taka & Goa

Bangalore The Central Bureau of Investigation (CBI) on Saturday carried out searches at 17 locations across Karnataka and Goa as part of the Supreme Court-ordered probe into the illegal mining and export of iron ore from the state’s Belekeri port. While the residence of some aides of the jailed mining …

Hearing on dust pollution in Vasco postponed

VASCO: The environmental public hearing on coal and iron dust pollution in Vasco witnessed noisy scenes, even as the meeting had to be postponed as Goa State Pollution Control Board (GSPCB) failed to serve 30 days notice. The GSPCB in a notification dated August 31 had fixed the public hearing …

CBI begins search operations at iron ore exporters, miners

15 teams search homes and offices of several exporters, no arrests made so far A week after the Supreme Court ordered for an inquiry by Central Bureau of Investigation (CBI) into the alleged illegal export of 5 million metric tonnes of iron ore from Belekeri port in Karnataka, the CBI …

Goa govt mum on recovery of losses from illegal mines

The judicial panel has recommended that the money should be recovered by the state from the mine owners Following Justice M B Shah Commission's report on illegal iron ore mining in Goa, the state government is apparently non-committal on recovering a whopping Rs 35,000 crore from the mine owners who …

MoEF suspends green nod for 93 mining leases in Goa

Most clearances are learnt to have been granted during 2007-09, when PM Manmohan Singh held the environment portfolio In a major crackdown on illegal mining in mineral-rich Goa, the Union Ministry of Environment and Forest (MoEF) on Wednesday suspended the environment clearances of all 93 leases in the state, asking …

CBI likely to register case to probe Karnataka illegal mining today

The Central Bureau of Investigation (CBI) is likely to register a case tomorrow to probe the illegal mining of 5.07 million tonnes of iron ore from forests in Karnataka. The case, being filed on the directions of the Supreme Court, is also likely to probe the role of the state …

Goa asked to restrict removal of minerals from dumps

The Centre has asked the Goa government to “immediately restrict” all activities regarding removal of minerals from dumps located outside the mining lease areas. “The state government should immediately restrict all activities for removal of mineral from the dumps located outside the lease areas, till an appropriate mechanism is evolved …

Include Goa in Tiger Reserve Complex: WII

Goa has five wildlife sanctuaries and a national park The Wildlife Institute of India (WII) has suggested inclusion of Goa as a part of the Tiger Reserve complex complimenting the sanctuaries in Maharashtra and Karnataka, which would help the coastal state in conserving wild cats. The Dehradun-based Institute, which submitted …

Govt encouraging illegal mining, say activists

PANJIM: Activists across the board have scoffed at the Government decision to halt all mining activity till action is taken against all, saying that the decision to shut mining, but allowing transportation of ore in transit was encouraging illegal mining. Leading the war cries Ramesh Gauns, punched holes in Parrikar’s …

Sesa, Sterlite shares hit as Goa halts mining

Goa temporarily halted iron ore mining from Tuesday to check if operations were legal, a move that is expected to further dent exports from India and support flagging global prices. Sesa Goa, which gets most of its iron ore from Goa, said business would suffer but it hoped the halt …

Goa mining ban may have little impact

Mumbai The mining ban imposed by the state government of Goa is unlikely to have a major impact on the likes of iron miner Sesa Goa as the current quarter is a lean season for mining in the state, analysts said on Tuesday. “Seasonally, Q2 is the weakest quarter for …

Sesa Goa closes mining operations in Goa; scrip tumbles 6 per cent

With the Goa Government putting a blanket ban on mining, Vedanta group firm Sesa Goa on Tuesday said it has stopped extraction of iron ore from all its mines in the State, leading to 6 per cent fall in its stock price. Following the suspension of works, all the mining …

Goa scam ran through PM’s stint at green min

Clearances To Miners Violated Norms: Panel New Delhi: The Justice M B Shah Commission’s indictment of the Union environment ministry for disregarding norms and Supreme Court orders to give clearances that facilitated rampant iron ore mining in Goa covers the period when Prime Minister Manmohan Singh held charge of the …

Sesa Goa closes mining operations in Goa; scrip tumbles 6 percent

With the Goa government putting a blanket ban on mining, Vedanta group firm Sesa Goa on Tuesday said it has stopped extraction of iron ore from all its mines in the state, leading to 6 per cent fall in its stock price. Following the suspension of works, all the mining …

India's Goa state suspends mining over scam

Mines in the western Indian state of Goa were ordered to close on Tuesday after a government-backed inquiry estimated illegal trade in iron ore had cost more than $6.0 billion in five years. The state Mines and Geology department directed in a notice that all mines suspend their operations until …

Karnataka to cooperate with CBI on mining probe

The Karnataka government would “fully cooperate” with the CBI probe into the illegal extraction of 5.07 million tonnes of iron ore in 17 months from the state’s forests, Chief Minister Jagadish Shettar on Sunday said. “We will fully co-operate with the CBI in conducting the probe into the Belekeri iron …

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