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 Environment Ministry on Monday gave its final clearance to the South Korean steel major POSCO to divert 1,253 hectares of forest land for its iron and steel project in Jagatsinghpur district of Orissa, reposing
New Delhi: The Supreme Court on Monday directed the Andhra Pradesh government to file an affidavit indicating that the iron ore extracted from Obulapuram Mines and at present lying in the stockyard would not deteriorate during the rainy season as apprehended by the mining company. A three-judge Bench comprising Chief …
Exporters complain of not getting approvals despite orders of the court made earlier. The Supreme Court on Monday asked the Karnataka government to process the applications of iron ore exporters and grant approvals according to rules. The state government stated that it had received several applications for iron ore exports …
Apex court suspends licences of 19 iron ore mines in Karnataka; 68 others await a decision. Coming down hard on illegal mining, the Supreme Court on Friday suspended licences of 19 iron ore mining companies in Karnataka
The Yeddyurappa government which is under attack from several quarters on the illegal mining issue, on Thursday took a tough stance in its affidavit filed in response to the Supreme Court appointed Central Empowered Committee (CEC) and the Lokayukta
Illegal mining in Karnataka is not just brazen but also innovative. A recent decision of the Supreme Court brought this fact to light, after a mining lease owner claimed he was made to suffer by the State for being a whistleblower. He had asked the State to take possession of …
Illegal mining costs Rs 15k cr The Central Empowered Committee appointed by the Supreme Court has estimated that iron ore worth more than Rs 15,000 crore had been illegally exported from Karnataka between 2003-04 and 2009-10. In its interim report submitted to the Forest Bench of the Supreme Court on …
Although the Supreme Court has lifted the ban on iron ore exports from Karnataka, mining firms in the state may not be able to clear the huge pile of ore immediately due to the price crash, high export duty and issues at the port. The price for ore in the …
New Delhi: Supreme Court on Tuesday said that the ban on the export and transportation of iron ore in Karnataka will be revoked from April 20. The apex court bench of Justice R V Raveendran and Justice A K Patnaik passed the interim order after it was told that the …
The government is willing to part finance domestic companies in their global bid for the Hajigak iron ore mine in Afghanistan given the strategic importance of the war-torn country for India. It has suggested that the Indian companies form a single consortium led by state-owned National Mineral Development Corporation (NMDC) …
As per study conducted by National Council for Applied Economic Research (NCAER), the State has been made to bear total environment cost due to mining to the tune of Rs 548.4 crore. This was revealed by Chief Minister Digambar Kamat in his written reply to an unstarred question tabled by …
NGO says it has evidence against Reddy brothers The Samaja Parivarthana Samudaya (SPS), which along with other NGOs has been fighting against illegal mining in Karnataka and Andhra Pradesh borders, will submit one more set of documents to the Central Empowered Committee (CEC) in support of their contention that the …
The Goa Forest Department is probing Prafulla Hede, a close aide of Sharad Pawar, for operating an open cast iron ore mine without requisite permissions in a forested area in the State. According to State Forest Minister Filipe Neri Rodrigues, his department had already filed a complaint against the manager …
Most mining operations in the state disregard ethical practices, leading to severe ecological damage and loss of valuable ore. West Singhbhum (Jharkhand), Mar 8: Most mining companies in West Singhbhum in Jharkhand could be equated with predators -making af astkillwithnoregard for ethical practices. There are 41 big and small iron …
NATIONAL Mineral Development Corporation has asked the government to give a "careful consideration" before asking it to continue exports to Japanese Steel Mills and Posco ARGUING that imposition of 20 per cent ad valorem duty on iron ore exports would deplete its export earnings by a huge margin, National Mineral …
The Supreme Court on Friday allowed the export of iron ore lying at major ports of Karnataka ever since the state government had issued a ban on its offshore movement in July 2010 following allegations of illegal mining. An SC bench, however, directed the state government to notify the Karnataka …
Any investors willing to bet that the commodities boom is running out of steam may need both courage and patience: major miners have wagered more than $110 billion on the opposite view. BHP Billiton, Rio Tinto and Xstrata have committed themselves in the last two weeks to spending vast sums …
