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 Supreme Court Friday allowed the export of the iron ore lying at major ports of Karnataka. As the state government had banned the ore's offshore movement in July 2010 in the wake of widespread allegations of illegal mining, the ore was held up at these ports. An apex court …
PANJIM, FEB 4: With Mormugao Port Trust (MPT) implementing the State government’s decision of compulsory NOC before ship laden with iron ore leaves the port, all the ore leaving State’s ports will now be accounted for. After much delay and pressures from Ministry of Shipping, MPT has made it compulsory …
The CBI has seized incriminating documents and records from the AP forest department in connection with the mining scam involving the Obulapuram Mining Company and five other companies. The CBI sleuths had earlier visited the Obulapuram mines at the Andhra-Karnataka border and collected evidence in the case and had recorded …
Bhubaneswar: The Odisha government on Monday allowed six iron ore mines to resume operations after their operators submitted documents to show that their mining activities were legal. The permission to operate was held up Friday for 23 iron ore mines in Joda area of the state's mineral rich Keonjhar district …
With mineral-rich states mounting pressure on the government to restrict export of iron ore and incentivise value-addition, the mines ministry has written to the finance ministry seeking abolition of the 15 per cent export duty on iron ore pellets. According to the mines ministry, increasing the value-addition of fines into …
Iron ore exports from Goa declined over 60 per cent in 2010 due to a five-month ban on low grade ore imports by China steel mills. According to Glenn Kalavampara, secretary of Goa Mineral Ore Exporters
The steel ministry has decided to broadbase the mandate of International Coal Ventures (ICVL) by allowing it to buy iron ore mines also overseas. The move is part of the government
The history of development of natural resources in Afghanistan has been fraught with international intrigue for several centuries. At the present time a future in Afghanistan without a continuation of multinational competition does not look likely, although the stakes may seem to have increased. A look back into early resource …
The Karnataka government told the Supreme Court on Thursday that following the Rs 50,000-crore loss it suffered due to the iron ore export ban from the state, it has drafted new rules to plug leaks and the new system will be notified shortly. The government contradicted the allegations of the …
The Supreme Court today gave two more weeks to the Karnataka government to respond to a plea against its ban on transportation of iron outside the state for exports. A bench comprising Justice R V Raveendran and Justice A K Patnaik gave two weeks more time to the state government …
The Naveen Patnaik government is facing court strictures and opposition criticism for irregularities in grant of mining leases. WHEN Naveen Patnaik stepped into his father Biju Patnaik's shoes and donned the mantle of leadership of the Biju Janata Dal (BJD) to become the Chief Minister of Orissa for the first …
Iron ore exports from Karnataka are likely to fall 67 per cent in the year to end in March 2011 due to a ban on exports that has hit supplies to the global market and hardened prices, according to a trade body official.
Rio Tinto India is in talks with an Indian company to develop iron ore mines, a senior company official said, underscoring continued foreign interest in Indian mining despite social opposition and regulatory hassles.
Indu Bhan Sesa Goa on Thursday approached the Supreme Court challenging the ban imposed by the Karnataka government on transport and export of iron ore. A bench headed by Justice R V Raveendran sought reply from the state government as to why it should not be asked to revoke the …
Future trading in iron ore is on the card. Two leading commodity bourses have approached market regulator Forward Markets Commission (FMC) in Mumbai to allow future contracts in iron ore to help the steel companies manage price risk. A future contract is a standardised contract to buy or sell a …
BHUBANESWAR: As per the latest assessment, Orissa has a deposit of 5,074.945 million tonnes (MT) of iron ore, 170.62 MT of chrome ore, 1,805.81 MT of bauxite and 119.24 MT of manganese as on April 1 this year. To a question of Karendra Majhi (BJP), State Steel and Mines Minister …
