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 …
Ranchi, July 27: Chief secretary A.K. Singh has directed deputy commissioners (DCs) and superintendents of police (SPs) to launch a major crackdown on illegal mining across the state. In a letter to DCs and SPs today, he held them responsible for rampant mining of iron ore, coal, et al in …
THE smallest profits in the commodity shipping market in 18 months may be ending as a rebound in steel and iron-ore prices signal improving Chinese demand that will ease the transport glut. Chinese steel prices rose 4.7% last week, the most in 11 months. Derivatives for fourth-quarter iron-ore prices jumped …
Congress supporters in Bangalore on Sunday after their march to Bellary, over 300 km away, was flagged off Illegal mining, rags to riches story, political rivalry and unbridled ambition make for an explosive cocktail in this ongoing soap opera in Karnataka. Reports by Shubhadeep Chaudhary from Bangalore The continuing political …
Centre to take up iron ore export curbs issue soon. Iron ore, the world's second-largest commodity market by value after crude oil, is central to any economy as it forms part of the production process of almost everything that requires steel. Santanu Sanyal Kolkata, July 21 The Union Cabinet is …
Jaishankar Jayaramiah Bangalore: Kudremukh Iron Ore Company Ltd (KIOCL), a wholly state-owned enterprise mini-ratna under the steel ministry, will join hands with Bangalore-based United Telecom to set up an integrated steel plant in Karnataka at an investment of Rs 9,000 crore. K Ranganath, CMD, KIOCL, said that company is in …
Allegations of illegal mining are once again rocking Andhra Pradesh. This time it is related to mining of barytes and iron ore in Khammam district. At the centre of the controversy is Brother Anil Kumar, evangelist son-in-law of late Y S Rajasekhara Reddy. Opposition parties are saying that Hyderabad-based Rakshana …
BJP Minister G Janardhan Reddy, facing allegations of involvement in illegal iron ore mining along with his brothers, at a press conference on Monday claimed they were
UNION law ministry has proposed sweeping powers for the Centre to act against illegal mining. In its suggestions to the group of ministers, the law ministry has said the power to confiscate the property and earnings from illegal mining should be vested with the Centre. Presently, state governments have the …
BHUBANESWAR: Minister for Steel and Mines Raghunath Mohanty today said more than 1.42 crore tonne iron ore was exported during 200910 from the State. In a written reply to a question from Santosh Singh Saluja (Cong), Mohanty said besides the exported quantity, over 4.8 crore tonne iron ore was dispatched …
CUTTACK: In a significant order that could deal a severe jolt to the Posco project, the Orissa High Court on Wednesday set aside the State Government's recommendation for grant of prospecting licence (PL) for Khandadhar iron ore reserve in favour of the Korean steel giant. A division Bench comprising Justices …
HYDERABAD The allotment of 1.37 lakh acres of iron ore-rich area in Khammam and Warangal districts to a private company, Rakshana Steels, whose executive director is Anil Kumar, son-in-law of former Chief Minister Y.S. Rajasekhara Reddy, rocked the Assembly on Monday. The Opposition alleged that when YSR was the Chief …
