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 companies are planning to raise product prices by around . 1,000 a tonne, driven by the sharp rise in input costs and recent production cuts. The price hike, likely to be made early next week, would be the first in four months which would make most consumer goods costly …
Availability of surplus iron ore prompts Jharkhand to provide special incentives to set up pellet plants Jharkhand has emerged as the first state to make it mandatory for companies with captive iron ore mines to set up pellet plants to utilise their increasing deposits of iron ore fines. Availability of …
The Arjun Munda government’s decision earlier this month to lift the ban on sale of iron ore fines, created as a result of crushing and processing larger pieces of ore, has raised eyebrows in Jharkhand with opposition parties alleging that it smacks of a big scam. “It will open doors …
Ranchi, Aug. 31: Chief minister Arjun Munda today asked the Centre to ban the export of iron ore from the state in an attempt to enlarge the scope of a debate raging in Jharkhand on his government’s decision allowing sale of iron ore fines by owners of captive mines. “Why …
Bhubaneswar: Though Posco has agreed not to insist on the import clause in the lapsed MoU with the state government, it wants swapping of iron ore within the country, a state minister said here on Monday. Posco-India has given its consent to delete import clause from the lapsed MoU. However, …
BHUBANESWAR: Chances of an early renewal of memorandum of understanding (MoU) between the State Government and Posco have brightened with the latter agreeing to delete the iron ore swapping clause. Minister for Steel and Mines Raghunath Mohanty told mediapersons here on Monday that though Posco had agreed not to insist …
There are red faces in the Congress over a difference of opinion between AICC Treasurer Motilal Vora and the state unit in Chhattisgarh over the proposal to award a mining lease to a Delhi-based company Pushp Steels & Mining Pvt. Limited. The chief of the party’s state unit, Nand Kumar …
After Bellary, the spotlight on Friday fell on the mining operations in its two adjoining districts of Tumkur and Chitradurga after the Central Empowered Committee (CEC) filed a report showing largescale and “reckless” iron ore mining there. A three-judge Green Bench led by Chief Justice of India S H Kapadia …
Ministry expects a demand for ban on iron ore exports following the SC ban on mining in Bellary Anticipating a demand for a ban on iron ore exports, the commerce department has said it will oppose any such suggestion that could sharply drive down domestic prices and pare export earnings. …
KOLKATA, 3 AUG: A 13-member committee, tasked with looking at the environmental pollution caused by sponge iron units, is going to be set up by the state environment minister, Mr Sudarshan Ghosh Dastidar. The group will come up with recommendations for dealing with the problem. The minister announced the decision …
Days after the Supreme Court temporarily banned mining in Bellary, the suspended miners want the state’s forest department to share responsibility for the environmental degradation. The miners, including one of the largest — Sandur Manganese Iron Ore, have said that if the rationale for last week’s Supreme Court decision to …
In neighbouring Karnataka, the Lokayukta report on illegal mining has led to the resignation of B S Yeddyurappa as Chief Minister and put the BJP on the defensive. What has been little talked about, so far, is the report’s mention of the crucial role played by ports in Congress-ruled Andhra …
In Hospet-Sandur-Bellary (BHS) sector, there is unaccounted mushrooming of registered and unregistered iron ore traders. In the last two to three years, it has been observed that due to a big margin of profit in this illegal trade, a mafia type of operation has started with the full connivance and …
BAN TO HIT INDIA’S STEEL PRODUCTION: The Supreme Court’s exasperation with the Karnataka government’s response to the fast-spreading mining scandal turned into outright anger on Friday with the court banning all mining across the iron ore-rich Bellary region. The ban will be effective in Bellary, nearby Hospet and Sandur, a …
The Supreme Court’s order on suspending mining operations in the iron-ore rich Bellary district of Karnataka has put a question mark on the region’s steel industry. The steel companies that contribute upto 30 per cent of the country’s total production would now be unable to source iron ore from the …
The exit of Karnataka Chief Minister B S Yeddyurappa is set to turn the heat on mining magnates, the Reddy brothers, two of whom are Cabinet Ministers in the state. The Lokayukta report indicts the Reddy brothers on three specific counts: forcing miners to enter into partnerships with their front …
NEW DELHI, 11 JULY: The Supreme Court today refused to interfere with the Karnataka government's decision to frame rules to prevent illegal mining in the state. A Bench headed by Mr Justice RV Raveendran turned down the plea of mining companies challenging the state government's decision to put in place …
Bhubaneswar: Steel and mines minister Raghunath Mohanty on Monday said that South Korean steel major Posco will not insist on inclusion of swapping of iron ore clause in the fresh MoU to be signed soon. Briefing newsmen here, the minister said that since the MoU signed on June 22, 2005 …
The mines ministry has ruled out granting captive iron ore mines for the proposed Ultra Mega Steel Plants (UMSPs) to be set up across the country. The ministry has instead suggested that assured supply of ore can happen through a separate linkage policy. It has made out a strong case …
