Exports

Senegal as an LNG exporter? stranded asset risks in the transition

Since the discovery of large offshore oil and gas reserves in 2014, Senegal has set its hopes on fossil fuel export revenue to help fund its plans to become an emerging economy by 2035. Senegal is actively seeking investors to help develop its offshore oil and gas reserves – both …

Govt Creating Artificial Iron Ore Shortage: Miners’ Body

The federation representing merchant miners in the country claims stocks at mine heads reveal that there is no real shortage of iron ore, a key steelmaking ingredient. In a letter to the finance ministry, the Federation of Indian Mineral Industries, or FIMI, has accused the government, both at the state …

MoEF casually granted mining companies ECs’

PANJIM: Chief Minister Manohar Parrikar said he would refer cases of fraudulent granting of Environmental Clearances (ECs) by the Ministry of Environment and Forests to the state police crime branch for action against concerned officials and vehemently denied that there is any ‘illegal mining’ currently taking place in the state. …

Karnataka ore mining to be delayed

Leases with SC panel-nod yet to get legal approvals from Indian Bureau of Mines operations unlikely to start before October Steel mills in and around Karnataka that are dependent on iron ore from state mines might have to wait for some more time to get fresh supplies, as the resumption …

New rules for sand extraction soon

PANJIM: In a categorical statement, Chief Minister Manohar Parrikar declared that no additional or new forest land would be diverted for mining also indicating that new rules are in the offing for regulating extraction of minor minerals, including sand extraction. Leaving it to the administrative machinery to work out the …

India wheat export decision sparks food security, trade concerns

India appears set to export two million tonnes of wheat at subsidised prices as part of a plan to offload surplus grain, sparking concern among anti-poverty activists and raising questions for some of the country's trading partners.

Goa panel for 20-25 mt cap on iron ore extraction

A committee of experts constituted by the Goa Government has recommended a cap on extraction of iron ore in the coastal state to 20-25 million tonnes (mt), which is almost half the existing exports. The panel, headed by renowned scientist Mr Raghunath Mashelkar, in its Goa Vision 2035 report, submitted …

Harmful dye in pickle set for export

In a shocking incident, a consignment of pickle meant for export to Canada was found to be contaminated with Sudan 1 — a dye, typically used for colouring oils, waxes, petrol, shoe polishes and thought to increase the risk of cancer. Calling it a serious issue, the Food Safety and …

Barge owners in dire straits after clampdown on illegal mining: GBOA

VASCO: Goa Barge Owners Association President Atul Jadav stated that Goa Barge owners are in deep financial crisis, following a clamp down on illegal mining and a ban on export of dumps. Addressing a press conference in Vasco, Jadav said the quantum of exports dropped from 54.45 million tonnes in …

Govt conducts census for 5 cr food operators in country

New Delhi In its bid to regulate the food sector, the government has launched a census for food business operators in the country. This exercise to collect basic information on major, medium and petty food business operators is being undertaken by the Food Safety and Standards Authority of India (FSSAI) …

Vasco locals petition GSPCB to postpone hearing on terminal

CORTALIM: The Goa State Pollution Control Board's (GSPCB) decision to hold the environmental public hearing for the proposed 7.2 MMTPA Iron-Ore Export Terminal at Mormugao Port has raked up a controversy. The hearing is scheduled on July 24, which happens to be the day on which week-long Shree Damodar Bhajani …

Posco submits revised land plan for 8 MTPA steel plant

Posco-India, which had initially proposed to invest $12 billion to set up a 12-million-tonne per annum (MTPA) steel plant on 4,004 acres of land near Paradip in Orissa, has submitted a revised proposal to the state government seeking transfer of 2,700 acre land in its favour for establishing a 8 …

NAC members ask PM to reverse food export plan

National Advisory Council member Aruna Roy and several activists, including Jean Dreze, Annieraja and Harsh Mander, have appealed to Prime Minister Manmohan Singh to reverse the Cabinet Committee on Economic Affairs decision to export foodgrain as a means to liquidate stocks. They have, instead, urged him to universalise public distribution …

India's economic troubles self-inflicted: study

Major cause of slowdown was drop in investment, which slumped to (-)1.9%, y-o-y during latest 3 quarters from 2010 double-digit levels India's economic troubles are mostly self-inflicted, resulting from policy paralysis and opposition to reforms - a situation that is unlikely to change before the general elections in 2014, says …

Govt clears Food Ministry proposal to export wheat

The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved a Food Ministry proposal to export two million tonnes of wheat from its buffer stock in an attempt to ease the storage crisis. The clearance came despite objections by the Department of Expenditure, which felt the proposal would involve an …

Karnataka for scrapping ban on 8 iron ore mines

Total capacity pegged at 5.5 mn tonnes, including 2.2 mn tonne mine run by Sesa Goa Karnataka government has recommended approval of eight iron ore mines in the state with a total capacity of 5.5 million tonnes per year, said H.R. Srinivasa, director, department of mines of geology in the …

15 Bellary mines may be allowed to re-start operations by end-August

Iron ore mining may resume by end-August in 14-15 leases in Karnataka’s Bellary region. The mines have a capacity of 4-5 million tonnes per annum. Resumption of operations is being allowed on findings that these leases have the least violations or illegalities. The restart of mines is expected to help …

Iron ore declined, bauxite mining production tripled in 2010-11

PANJIM: While iron ore production in Goa declined, bauxite mining tripled during the financial year 2010-11, as indicated by the knowledge paper released during the recently held Investor’s Forum in Panjim. The knowledge paper was released by Chief Minister Manohar Parrikar during the Investor’s Forum organized on June 30, by …

Karnataka iron ore export ban in focus at Bangalore meet

Miners are now pressuring the state government to lift the export ban to boost their business A two-year old ban on iron ore exports from Karnataka which has halved shipments from the world's No. 3 supplier will be the focus of an industry gathering in Bangalore as pressure mounts for …

GVK may get nod for Australian coal project

Sanjay Reddy, GVK vice-chairman, and Georgina Hope Rinehart, chairman, Hancock Prospecting Pty Ltd., the co-owners of the Alpha Mine & Rail project in Queensland, Australia, have expressed confidence of securing an early environmental clearance from Australian federal authorities. Ms. Rinehart, who flew into the city to attend a board meeting, …

The Butterfly House Industry: Conservation risks and education opportunities

This paper addresses the mass supply and use of butterflies for live exhibits, discusses the risks to biodiversity which this creates, and the educational opportunities it presents. Over the past 30 years a new type of insect zoo has become popular worldwide: the butterfly house. This has given rise to …

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