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 …
In a blow to SAIL’s efforts for raw material security, a high level committee of the Union environment ministry has refused to accord green clearances for the steel major’s three key iron ore mines in West Singhbhum district of Jharkhand. The move could deprive the firm of over 80,000 million …
Despite a halt on iron ore mining in Karnataka since July last year, the state government has earned a royalty revenue of Rs270 crore, about 62 per cent of the total royalty earnings in the last financial year. With two more months in the current financial year, royalty revenues are …
New Delhi India is weighing plans to route sales of iron ore through a firm, the latest of several steps aimed at curbing illegal mining as the country struggles to shape a lasting policy balancing exports against the conservation of resources. At stake is how the world’s third-biggest supplier will …
Orissa has asked Steel Authority of India (SAIL), the country's largest domestic steel producer, to stop operations at Bolani iron ore mine after forest clearance expired on February 11, a government official said. "It was a three-month temporary working permission. They have been asked to stop all kinds of mining …
The SAIL-led consortium is planning to invest Rs 1,500 crore on its own in funding the first phase of exploration activities in the Hajigak iron ore mines in Afghanistan. The consortium, Afghan Iron and Steel Company (AFISCO), is likely to commence exploration from July this year. It had, in last …
State questions the ‘bald and somewhat unsubstantiated’ threshold limit set by the court. Karnataka is contesting the recommendations of two panels that have submitted reports to the Supreme Court calling for annual iron ore production in the southern state to be capped at 30 million tonnes, on the ground that …
State food and supplies minister Jyotipriya Mullick today said the substandard iron-ore supplied in the Rs 139-crore scam in the state-owned Essential Commodities Supply Corporation in connection with which two of the state's top IAS officials have been arrested had been kept in godowns owned by the former Haldia strongman …
The Odisha government is considering electronic auctions for iron ore mined in the state as resource-rich but cash-starved states seek to increase their precious revenue to counter rampant illegal mining. A senior state government official told ET that such a proposal is being considering but is at a preliminary stage. …
Miners, ore consumers stare at higher costs; smaller players may lose mines. Iron ore miners and consumers in Karnataka, including NMDC, the country’s largest iron ore producer, and JSW, India’s largest private sector steelmaker, will have to grapple with higher costs and lower production if the Supreme Court accepts the …
Miners, ore consumers stare at higher costs; smaller players may lose mines. Iron ore miners and consumers in Karnataka, including NMDC, the country’s largest iron ore producer, and JSW, India’s largest private sector steelmaker, will have to grapple with higher costs and lower production if the Supreme Court accepts the …
NEW DELHI, 31 JAN: The CBI has registered two cases against unknown officials and private companies for allegedly causing a loss of over Rs 1,000 crore to the government exchequer by making false declarations in transportation of iron-ore and its end use. The cases were registered against unknown officials of …
MUMBAI: A Thane-based consumer has alerted the food and drug administration about iron pieces being found in a medically-prescribed iron tablet. The content of elemental iron in the tablet, prescribed for anaemia or lack of red blood cells, was way above permissible limits. FDA commissioner Mahesh Zagde has directed the …
MUMBAI: Ever heard of a medical iron tablet actually containing free iron particles, that too in a huge quantity? State food and drug administration (FDA) commissioner Mahesh Zagde initially did not believe it. However, when a Thane-based consumer presented him with the evidence, he was left both stunned and horrified. …
New Delhi The report of the Central Empowered Committee (CEC) on Karnataka’s mining sector, expected to be submitted to the Supreme Court this week, has the state steel industry on the tenterhooks. Steel companies in the state, including Kirloskar Ferrous Industries and BMM Ispat, are a worried lot over the …
Orissa Minerals Development Company (OMDC) today said it has suspended operations at its Kolha Roida and Dalki mines after not getting permission to lift ore from the mines. "Development and mining work in Kolha Roida Iron & Manganese Mines and Dalki Manganese Mines has been stopped as permission for lifting …
The department of commerce has proposed canalisation of exports of iron ore with ferrous content of over 55 per cent through state-owned MMTC. Any canalisation through a single agency smacks of licence-permit raj and its attendant risks of handing over control in the hands of a few inspectors. This goes …
PANJIM: In what could bring in a relief for mining industry in Goa, Union Mines ministry on Friday said that they are not in favour of Finance ministry’s decision to increase export duty on the low grade iron ore from the country. “Mines ministry is not favourably inclined towards increase …
In a move that the iron ore mining industry says is a throwback to inspector raj, the commerce and industry ministry has moved a Cabinet note proposing that exports of iron ore with over 55 per cent ferrous content be canalised through the state-owned trading company MMTC Ltd. MMTC will …
The Mines Ministry has expressed reservation over Finance Ministry's decision to increase export duty on the low grade iron ore in the country, a senior official said today. "The Mines Ministry is not favourably inclined towards increase in the export duty," AK Srivastava, additional secretary, Ministry of Mines, told reporters …
BHUBANESWAR: Faced with raw material scarcity, steel producers in Odisha have urged the state government to increase the availability of iron ore and chrome ore by opening all closed mines. Members of All Odisha Steel Federation (AOSF) said most of the steel manufacturing companies were facing closure due to non-availability …
