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 mines ministry has shot down the steel ministry’s proposal that iron ore should be classified as “ a strategic mineral”. The mines ministry argues that iron ore is available in abundance in the country and hence there is no pressing need for the classification. It has written to the …
Steel mills in the southern state currently operating at 60-70% of capacities Even as the illegal mining case in Karnataka gets delayed due to procedural hassles, steel mills in Karnataka that account for a fourth of India’s production of the alloy are operating at 60-70% capacities, due to nonavailability of …
Australian govt forecaster cites rise in global output as another reason for gloomy outlook. Iron ore prices may decline 8.5% this year as global output increases and growth in Asian steel production slows, according to a government forecaster in Australia, the world’s biggest exporter. Prices may average about $140 a …
BHUBANESWAR: Minister for Steel and Mines Raghunath Mohanty on Wednesday said the State Government had decided to make the export of iron ore from different ports fully transparent. To a question from Hitesh Kumar Bagarti (BJP), the minister said according to the decision taken at a meeting presided over by …
Current Indian investment may not be hit immediately The Australian government’s move to impose 30 per cent tax on coal mining and iron ore profits might not affect any Indian investment in that country immediately, but could have an impact on Indian companies, including state-run mining major Coal India Limited …
New Delhi The Supreme Court has directed the Orissa government to recommend the case for grant of iron ore reserves to the central government for the Bhushan Power & Steel’s 2.8 million tonne-integrated steel plant at Lapanga, Orissa. Setting aside the Orissa High Court judgment that refused to interfere with …
NEW DELHI: The Justice M B Shah Commission looking into illegal mining in Goa submitted its report to the central government on Thursday. The report is believed to have placed substantial blame on the state government for its failure to prevent illegal mining and rampant export of iron ore abroad. …
The Supreme Court today allowed the appeal of Bhushan Power & Steel Ltd and directed the Orissa government to act according to the memorandum of understanding (MoU) between the two, signed on May 15, 2002. Overruling the Orissa high court order, a bench headed by Justice Altamas Kabir also asked …
The postponement of the Supreme Court verdict on illegal mining in Karnataka has put steel producers in a quandary. Most of the steel companies in the State have already cut production because only low-grade iron ore is available from the e-auctions of the Metal Scrap Trading Company. The Supreme Court …
Bhubaneswar: Orissa’s Keonjhar district, long considered endemically poor, has undergone a transformation: it has turned daily wage labourers into crorepatis. Guali, a village that falls on a cart track, today has the latest SUVs whizzing around. A leading private bank operates a profitable branch for wannabe millionaires. Guali is home …
A task force, appointed by the steel ministry, is pitching for underground mining in the ecologically sensitive Western Ghats by citing the example of Kiruna Mines in Sweden which boasts of the largest and most modern underground iron ore mine in the world. A task force working on the raw …
PANJIM: Trouble seems to be far from over for state Congress Party, as Justice M B Shah Commission is preparing to submit its crucial report on illegal mining in Goa. The commission in September 2011 had begun its investigation into illegal mining which lasted for over a month. It had …
Steel giant cites low iron content in mines; move casts shadow on GIM-II At a time when the State government is preparing for the second edition of Global Investors’ Meet (GIM), it has come to light that the world’s largest steel manufacturer ArcelorMittal has withdrawn its application seeking iron ore …
With the State’s revenue taking a beating due to the blanket ban on iron ore mining, the Finance Department (FD) has decided to make good the shortage by enhancing the rates of other non-tax revenue sources, including user charges on various services being provided by the State government. In a …
Bhubaneswar: The total value of minerals produced in Odisha is the highest in the country. The state produced minerals worth Rs 28,287 crore in 2010-11. In term of value of output of minerals, Odisha ranks highest in India in recent years, and its share has been increasing, according to the …
It has taken Arjun Munda over four and a half months to persuade the mines and geology department to check illegal mining, albeit in a half-hearted manner. The geology wing of the department today claimed that it has begun working on Geographical Information System (GIS) survey/mapping of areas to detect …
New Delhi The ban on mining seems to have made Karnataka the dumping ground for poor quality iron ore. The mining firms that are allowed to sell certain quantity of iron ore in the state through e-auction, are mostly selling iron ore of below 50-55% iron content. This has dented …
KOLKATA, 23 FEB: Chief minister Mamata Banerjee has written to the Prime Minister asking him for a national iron ore policy, state industry and commerce minister Partha Chatterjee said today. Back on 9 January, JWS Steel chairman Sajjan Jindal said that problems sourcing iron ore were holding up the company's …
BHUBANESWAR: The State Government has been urged to lift the ban on road transport of minerals. Antarastriya Manavadhikar Association, a Keonjhar-based organisation fighting for the common cause of the people, has made the plea. ‘’The Government decision has created a great deal of discontent among the public, particularly those families …
The Steel Authority of India (SAIL) and the Wildlife Warden office of Odisha's Forest & Environment Department are on a collision course over the proposed elephant corridor in the State. SAIL chairman Chandra Sekhar Verma, who called on Chief Minister Naveen Patnaik on Saturday, tried to end this impasse. According …
