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 huge resentment against the Regional Plan and the spectre of illegal mining have angered the people against the congress. Does the party have any answers? Shirodkar : If you go to see, both the issues have not raised its head for the last one month. When it comes to …
The freeze on iron-ore exports has led to a diplomatic crisis of sorts. Foreign Secretary Ranjan Mathai has sent an SOS to Commerce Secretary Rahul Khullar suggesting that he send a team to Tokyo to promptly conclude talks on the LTA — Long Term Agreement that fixes ore prices for …
Calcutta, Jan. 6: The Bengal government has told the Jindals to formally inform the WBIDC by Wednesday when the company can start work on the Salboni steel-and-power project. Jindal representatives today met officials of the West Bengal Industrial Development Corporation and the commerce and industry departments to discuss the Rs …
The recommendations of the July 27, 2011 report of the Karnataka Lokayukta for action against people’s representatives and public servants for their role in facilitating illegal mining and export of iron ore from Karnataka has resulted in three different courses of action being initiated against politicians, bureaucrats and policemen. A …
The steel ministry, in a departure from its stand on iron ore exports, has agreed to begin talks with Japan and South Korea on resuming exports from NMDC’s mines. The steel ministry was under pressure from the commerce ministry to depute a delegation to the two countries and commence talks. …
Minister for Forests C.P. Yogeshwar on Tuesday has said that the State Government will oppose the recommendation made by a Central committee to the Planning Commission to allow iron ore mining in the Western Ghats in Karnataka. A section of the media had reported that a committee, headed by Steel …
The government has hiked the ad valorem duty on iron ore exports to 30 per cent from 20 per cent. The decision would enrich a cash-strapped government by around Rs 8,500-9,000 crore. While the hike in export duty has understandably stunned the mining community, the move was in the offing …
Iron ore Says Shah commission recommendation faulty; however, accepts other suggestions. The Union ministry of mines has rejected the M B Shah commission’s recommendations for a ban on iron ore and manganese ore export and has referred the matter to the department of commerce. “While demand for iron ore is …
New Delhi Mineral production in the country continues to decline. It fell marginally to R14,555 crore in October from R14,572 crore in the same month a year ago. This is the fifith consecutive month where mineral output registered a decline. The continuous decline in the iron ore and coal production …
The Orissa government is moving fast to complete the survey and demarcate all iron and manganese ore mines through Differential Global Positioning System, thus preventing future encroachments. The move comes following a request by the Justice M B Shah Commission of Enquiry to the state government to complete the survey …
Bhubaneswar: Facing flak for the multi- crore mining scam in Odisha, the ruling Biju Janata Dal on Monday tried to shift the blame on the UPA government at the Centre accusing it of being soft towards mine owners. Finding it tough to face the electorate in the ensuing panchayat polls …
Armed with the CAG’s observations that NMDC’s iron ore exports to Japanese Steel Mills (JSMs) and South Korea was needless in view of growing domestic demand, the steel ministry has decided to ask the Union Cabinet to reconsider its decision on mandating the PSU to export the mineral. The move …
Bhubaneswar: ASteel and mines minister Raghunath Mohanty on Thursday give a hint in the State Assembly that the state government is considering to bring a motion in the House to ban export of minerals, particularly iron ore and manganese. He said that chief minister Naveen Patnaik has, in a letter …
BHUBANESWAR: The State Cabinet on Tuesday resolved to move the Centre to levy mineral resource rent tax on iron ore to be charged at 50 per cent of the surplus rent. It was decided that the tax so collected should come to the State Government for improving social and physical …
To monitor iron ore exports, a cause of illegal mining, the government plans to canalise exports of the mineral. Notably, the Centre-appointed MB Shah Commission has, in its interim report, pitched for a pan-India blanket ban on exports as a measure to curb illegal mining. The proposal will be sent …
Steel industry worried, points to implications on downstream investment plans, taxation. With no sign of abatement in the ongoing mining crisis that has snapped iron ore supply to key infrastructure sectors, companies have started imports. Iron ore imports are happening from South Africa at $130 a tonne (cost & freight). …
PANJIM: In what could bring a sigh of relief to the mining industry, Union Mines Ministry has said that a ban on iron ore export, would not be a correct decision for controlling export and conserving the minerals for future generation. Minister of State for Mines Dinsha Patel in a …
PANJIM: Chief Minister Digambar Kamat Thursday said that State Mining Policy will be enacted soon after Centre passes Mines and Minerals Development Regulation (MMDR) bill 2011, during ongoing Parliament session. Addressing the conference on ‘Sustainable Mining Practices’ Kamat said that State’s draft mining policy 2008 was on hold, for possible …
CBI investigators are yet to pinpoint the source from where iron ore was mined illegally in Karnataka in the Obulapuram Mining Company case. In the chargesheet, the CBI has apparently mentioned that the iron ore was transported from various mines in Karnataka but the exact locations were not revealed. Legal …
Bhubaneswar: Finance minister Prafulla Chandra Ghadei on Friday said that the MMDR Bill, which was passed by Parliament and is now waiting for the approval of the President, is far short of the expectations of the minerals-rich states of the country. Speaking as the chief guest at the inaugural session …
