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 …
Plagued with rampant illegal mining, the Goa government has decided to implement an information technology-based system to prevent its valuable resource being exported illegally and evading royalty. The draft mining policy, tabled on the floor of the House during the recently concluded state Assembly session, has assured a 'Mines Management …
Kolkata Steel maker SAIL has decided to outsource development of two huge virgin iron ore mines at Rowghat in Chhattisgarh and Chiria in Jharkhand, a company official has said. ‘‘Rowghat—which will have a capacity of 14 million tonne per annum and Chiria— 15 mt are crucial for SAIL’s capacity expansion,’’ …
Firms like JSW Steel could face closure if mining does not resume soon Steel and pig iron companies that depend on iron ore from Karnataka are facing closure due to a severe shortage of the mineral. The state’s steel industry, whose 21-million-tonne (mt) output accounts for 25 per cent of …
The Supreme Court today asked the National Mineral Development Corporation (NMDC), the associations representing various private industries related to mining and iron ore and the Karnataka government to draft a scheme for the e-auction of iron ore. They will also evolve a pricing mechanism. The court did not pass any …
PANJIM: The Public Accounts Committee (PAC) report on mining, which was not accepted by former Speaker Pratapsing Rane of the previous Goa Assembly, has been quoted in the new draft State Mining Policy 2012, which states that the delay in the policy has resulted in haphazard mining, resulting in a …
New Delhi: The scale of the Karnataka mining scam seems to be getting bigger: the estimates of an expert panel suggest the alleged barons of illicit mining may have cheated the state of Rs 50,000 crore in taxes and levies. The mining syndicate which thrived across regimes claimed it was …
Outsourcing would reduce SAIL's mine development investment by around Rs 2,500 crore Steel maker SAIL has decided to outsource the development of two huge virgin iron ore mines at Rowghat in Chhatisgarh and Chiria in Jharkhand, a company official has said. "Rowghat, which will have a capacity of 14 million …
Secondary makers have to invest more on technology and inputs, even as demand for their products is down, hitting their margins The mandatory norms pertaining to steel product quality, to take effect next month in a central government order, will affect the profitability of semi-finished product makers. They’d have to …
The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities. Both the existing and new steel companies have lined up expansion plans as well as set up greenfield steel plants …
Companies such as BMM Ispat, Kalyani Steels, Kirloskar Ferrous and MSPL are working on 20 days to one-month inventories Shortage of iron ore supply from Karnataka is posing a challenge to steel and pellet-making plants to maintain their production levels.Companies, such as BMM Ispat Ltd, Kalyani Steels, Kirloskar Ferrous Industries …
Odisha is set to voice its opposition to some of the contentious provisions in the Mines and Minerals (Development & Regulation) Bill-2011 that the state government feels may undermine the federal structure of the constitution. In May this year, Chief Minister Naveen Patnaik had shot off a letter to Prime …
State-run miner Odisha Mining Corporation (OMC) has signed pacts with steel makers Adhunik Metaliks and Rexon Strips to supply iron ore for next five years from its Kurmitar Pahar mines in Khandadhar area in Koira mining circle of Sundergarh district. “We have entered into two long-term sales agreements with two …
The federation representing merchant miners in the country claims stocks at mine heads reveal that there is no real shortage of iron ore, a key steelmaking ingredient. In a letter to the finance ministry, the Federation of Indian Mineral Industries, or FIMI, has accused the government, both at the state …
Supreme Court judgement in the case of Monnet Ispat & Energy Ltd. Vs. Union of India dated 26/07/2012. http://www.stpl-india.in/SCJFiles/2012_STPL(Web)_399_SC.pdf
For production of 3 million tonnes per annum of iron ore and 0.24 million tonnes per annum of manganese ore for its KoIha-Roida Iron and manganese mines Orissa Minerals Development Company (OMDC) has locked upper circuit of 20% at Rs 36,377 on getting environment clearance from Ministry of Environment and …
New Delhi Steel majors have accused country's biggest iron ore producer NMDC of charging higher prices for ore while exporting at a lower rate and said the “anomaly in pricing mechanism” of the state-run company would lead to higher steel imports. Steel producers said ore prices have come down globally …
Collection, compilation of information on mining still on from 7 crucial mineral producing states The government has extended the tenure of Justice M B Shah Commission, which was set up to probe into the cases of illegal mining, by one year till July 16, 2013. "The extension has been sought …
New Delhi he Supreme Court has sought replies from the Centre, the Karnataka government and four mining firms including JSW on cross-petitions seeking review of its September 2010 order that set aside a recommendation by the Karnataka government — later endorsed by the central government — to allow mining of …
A panel of experts has recommended capping iron ore mining in Goa to between 20 and 25 million tonnes a year for the next five years, nearly half of what the state produces and exports today. But the committee wants another high-powered committee to arrive at a more ‘evidence-based’ threshold …
JSW Steel Limited, the country’s lowest-cost steel producer, plans to set up a 2.3 million tonne per annum (mtpa) cold rolling mill complex to manufacture high-grade automotive steel at Toranagallu in Bellary district. The project is being implemented in phases at an estimated cost of Rs 4,500 crore with Phase-I …
