No first right, Posco needs to bid for mining lease: Steel Minister Tomar
10 years, 1 month ago

No first right, Posco needs to bid for mining lease: Steel Minister Tomar

India TV News  

New Delhi: South Korean steel maker Posco will have to bid in the upcoming auction to get an iron ore mine for its $12 billion steel project in Odisha, Steel and Mines Minister Narendra Singh Tomar said on Thursday. Posco was previously promised the Khandadhar iron ore mine by the state government for its mega steel plant but the actual allocation never happened due to delays in regulatory approvals. When asked about the fate of the Khandadhar iron-ore mine given to Posco by the state on dispensation route, Tomar told reporters on the sidelines of an event here that all firms will have to participate in the auction process to get a mining lease. Mines can be allocated even now through the dispensation route in case the Centre had already given concurrence or the state government issued a letter of intent "by whatever name it is called".

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History of this topic

Mining activities will resume in Goa in six months after auctioning of leases, says CM Pramod Sawant
2 years, 8 months ago

Mining activities will resume in Goa in six months after auctioning of leases, says CM Pramod Sawant

Firstpost  

Goa chief minister Pramod Sawant assured the state Legislative Assembly that at least 88 iron ore mining leases will be taken up for auctioning Panaji: Goa Chief Minister Pramod Sawant on Tuesday assured the state Legislative Assembly that the mining activities will resume in the state in six months after the auctioning of leases. Responding to a question by Goa …

How fair is India’s non-fuel mine auction process?
3 years, 6 months ago

How fair is India’s non-fuel mine auction process?

Hindustan Times  

The Mines and Minerals Amendment Act, 2015 ended the first-come, first-served system of mining allocations and has brought in an auctions regime. These include iron ore, limestone, iron ore & manganese, bauxite, manganese, graphite, gold, chromite, copper, and diamond –technically qualified bidders participated in an ascending forward online electronic auction and bid on the percentage of the value of minerals …

Auctioning mining leases only solution to iron ore extraction in Goa, says Manohar Parrikar
7 years, 1 month ago

Auctioning mining leases only solution to iron ore extraction in Goa, says Manohar Parrikar

Firstpost  

Goa chief minister Manohar Parrikar said that there was no other option other than auctioning mining leases to resume iron ore extraction in the state, which is set to stop from March due to a Supreme Court order Panaji: Goa chief minister Manohar Parrikar said that there was no other option other than auctioning mining leases to resume iron ore …

Jindals, Baldotas big C' miners
8 years, 5 months ago

Jindals, Baldotas big C' miners

Deccan Chronicle  

Ballari: Of the seven category ‘C’ iron ore mines put for auction, steel giant JSW Pvt Ltd has successfully bid for five major mines and private sector mining major Baldota Group’s flagship company M/s MSPL has won two mines in this ore-rich district. Mr Sajjan Jindal-led JSW Pvt Ltd has won five mine fields that include two mines of Goa-based …

Not a single auction even a month after new mines act: Secy - India TV News
9 years, 9 months ago

Not a single auction even a month after new mines act: Secy - India TV News

India TV News  

New Delhi: Regretting that states have not auctioned even a single mine despite a clear minerals policy framework, the Centre has asked them to expedite the auction process for iron ore, bauxite, limestone and others, a top official said yesterday. The Centre is in constant touch with states on the issue as the Mines and Mineral Ordinance was issued on …

Mine auction rules to be finalised by May, says Minister Tomar
10 years, 1 month ago

Mine auction rules to be finalised by May, says Minister Tomar

Firstpost  

The rules and regulations for the auction of major minerals like iron ore and manganese ore will be finalised by May this year, Mines and Steel Minister Narendra Singh Tomar said. New Delhi: The rules and regulations for the auction of major minerals like iron ore and manganese ore will be finalised by May this year, Mines and Steel Minister …

Centre seeks Odisha's response on iron ore lease to Posco
10 years, 11 months ago

Centre seeks Odisha's response on iron ore lease to Posco

Firstpost  

The Centre has sought response from the Odisha government on grant of iron ore licence to South Korean steel giant Posco for its Rs 52,000 crore steel project involving the largest ever FDI in India. New Delhi: The Centre has sought response from the Odisha government on grant of iron ore licence to South Korean steel giant Posco for its …

Karnataka to permit mining more iron ore soon
11 years, 1 month ago

Karnataka to permit mining more iron ore soon

India TV News  

Bangalore: Karnataka will hasten the process of issuing leases to mine iron ore in the mineral-rich districts to improve the raw material supply to the steel industry, a top official said Wednesday. "We have decided to give soon new mining leases to achieve the 30 million tonnes of iron ore annual production set by the Supreme Court earlier and clarified …

Why green nod to Odisha project may not be end of Posco's troubles
11 years, 2 months ago

Why green nod to Odisha project may not be end of Posco's troubles

Firstpost  

It marked the end of an eight-year long wait; but it could well mean the beginning of another long and indefinite wait. Now that it has received the green nod from the Union Ministry of Environment and Forests, the Korean steel major may also get the National Green Tribunal to revoke the embargo it had imposed in May last year …

Posco drops $5.3 bn steel mill project in Karnataka: All you need to know
11 years, 8 months ago

Posco drops $5.3 bn steel mill project in Karnataka: All you need to know

Firstpost  

Posco said in a regulatory filing that it had agreed to cancel the project with the government of Karnataka because of delays in receiving iron ore mining rights and opposition from residents which had held back land acquisition. South Korea’s Posco said on Tuesday it will pull out of a $5.3 billion steel mill development in Karnataka, but will proceed …

SC sets aside Odisha HC order quashing iron ore licence to Posco
11 years, 10 months ago

SC sets aside Odisha HC order quashing iron ore licence to Posco

The Hindu  

The Supreme Court on Friday set aside the Odisha High Court order which had quashed State government’s petition to allot iron ore licence to South Korean steel major Posco in Khandadhar hills in Sundergarh district for a multi-crore steel plant. The Court was hearing cross appeals filed by the State government and a mine and mineral company challenging the Odisha …

JSW Steel plans to bid for iron ore mining blocks in Karnataka
11 years, 11 months ago

JSW Steel plans to bid for iron ore mining blocks in Karnataka

Firstpost  

JSW Steel plans to bid for iron ore mining blocks in Karnataka that could go up for auction after a Supreme Court order last week, as the country’s third-largest steel producer looks to cut its dependence on costly imports. New Delhi: JSW Steel plans to bid for iron ore mining blocks in Karnataka that could go up for auction after …

Decision to grant mining licence to Posco set aside
14 years, 8 months ago

Decision to grant mining licence to Posco set aside

The Hindu  

In a setback to the Rs.51,000-crore Posco steel plant planned at Paradeep, the Orissa High Court on Wednesday set aside the State government's recommendation for granting the South Korean steel major a licence for prospecting in the Khandadhar iron ore mines in Sundargarh district. Allowing a writ petition filed by Geomin Minerals and Marketing Ltd, a Bhubaneswar-based company, a Division …

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