Vedanta gets government nod to restart iron ore mining operations in Goa
9 years, 7 months ago

Vedanta gets government nod to restart iron ore mining operations in Goa

India TV News  

New Delhi: Anil Agarwal-led mining firm Vedanta said it has received necessary government approvals and will resume operations starting today at its biggest iron ore mine at Codli in Sanguem taluka in Goa. "The company has received relevant consent, licence and approvals to commence iron ore mining operations in Goa for some of its leases. However, expressing caution over iron ore prices, Vedanta said: "Even as India in general and miners from Goa in particular look to regain lost markets, iron ore markets/prices are weak and the international trade environment remains challenging. The Goa government had temporarily banned iron ore mining in September 2012, pending verification of documents in the wake of Justice M B Shah Commission's report.

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History of this topic

Vedanta share price pares intraday loss after getting shareholders’ nod for demerger
1 month ago

Vedanta share price pares intraday loss after getting shareholders’ nod for demerger

Live Mint  

Vedanta share price pared intraday losses to trade higher after the mining conglomerate received approval from its shareholders and creditors for its proposed demerged plan. The shareholders, secured creditors, and unsecured creditors of Vedanta have approved the proposed demerger scheme in the meetings convened on Tuesday, February 18. Vedanta demerger scheme involves the separation of Vedanta Ltd into five independent, …

Goa Congress accuses Chief Minister Sawant of cracking 'secret deal' with Vedanta
1 year, 1 month ago

Goa Congress accuses Chief Minister Sawant of cracking 'secret deal' with Vedanta

India Today  

The Congress unit of Goa has accused Chief Minister Pramod Sawant of cracking a secret 'mining deal' with Vedanta. According to the accusations, the Goa government has assigned Vedanta Group the task of exporting 80,000 tonnes of iron ore, even as the group is yet to repay Rs 165 crore of mining dues. In a letter to the Director of …

Goa cabinet approves policy to extract ‘value ore’ from mining dumps
1 year, 6 months ago

Goa cabinet approves policy to extract ‘value ore’ from mining dumps

Hindustan Times  

The Goa cabinet has approved a policy to allow the sale of mining dumps, materials that were once considered as waste, bringing huge relief for leaseholders in the natural resource rich southern state of India. According to the policy, only erstwhile leaseholders who have claims to inventoried dumps situated on private properties falling outside the lease area, and depicted on …

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 …

Rahul Gandhi Woos Voters in Goa's Mining Belt with Promise to Resume Stalled Industry
3 years, 1 month ago

Rahul Gandhi Woos Voters in Goa's Mining Belt with Promise to Resume Stalled Industry

News 18  

Senior Congress leader Rahul Gandhi on Friday said the iron ore mining in Goa will be resumed as soon as his party comes to power in the state after the Assembly elections. Congress will restart the mining industry as soon as the party forms government, Gandhi said, campaigning ahead of the February 14 elections. Gandhi also said that all projects …

Industry captains seek ease of Karnataka curbs on iron ore export and sale
4 years ago

Industry captains seek ease of Karnataka curbs on iron ore export and sale

Hindustan Times  

The southern chapter of the Federation of Indian Minerals Industries on Wednesday made a representation to the Karnataka government expressing the distress on the sector due to restrictions on sale and exports of iron ore. FIMI said restrictions on sale and expor of iron ore had led to ‘artificial oversupply’ of iron ore in Karnataka) “There is a peculiar disparity …

SC Allows Goa Mining Companies To Transport Minerals Already Extracted Before March 15, 2018 [Read Judgment]
5 years, 1 month ago

SC Allows Goa Mining Companies To Transport Minerals Already Extracted Before March 15, 2018 [Read Judgment]

Live Law  

The Supreme Court on Thursday allowed the mining companies in Goa to transport all iron ores which were extracted before March 15, 2018 and for which royalty has been paid.A bench comprising CJI SA Bobde, Justices Surya Kant and B R Gavai passed the order in a bunch of petitions filed by mining companies. The Supreme Court on Thursday allowed …

Positive signs for Goa mining to be visible in six months: CM
5 years, 10 months ago

Positive signs for Goa mining to be visible in six months: CM

India TV News  

Positive signs for Goa mining to be visible in six months: CM Addressing an event organised by Sesa Football Academy on Friday, Pramod Sawant said, "The state government would certainly ensure that the mining industry becomes operational once again." Goa Chief Minister Pramod Sawant has said that some positive signs will be visible in the next six months as far …

Goa government to file review petition against Supreme Court mining ban order after nod from Manohar Parrikar
6 years, 10 months ago

Goa government to file review petition against Supreme Court mining ban order after nod from Manohar Parrikar

Firstpost  

The Goa government will file a review petition against the Supreme Court order of February this year quashing the second renewal of iron ore mining leases given to 88 companies in Goa in 2015, which brought the mining industry in the coastal state to a halt. Panaji: The Goa government will file a review petition against the Supreme Court order …

Bombay High Court bans shift of iron ore outside Goa mining lease areas
6 years, 10 months ago

Bombay High Court bans shift of iron ore outside Goa mining lease areas

India TV News  

The Panaji bench of the Bombay High Court on Friday directed a stop to all transportation of iron ore, for which royalty had been paid to the state government, by setting aside the Goa Chief Secretary's order allowing movement of royalty-paid iron ore lying outside the mining lease areas. Goa Foundation, on whose petition the SC had quashed the mining …

Vedanta hit by up to $600 million charge for closure of Goa iron ore unit
6 years, 11 months ago

Vedanta hit by up to $600 million charge for closure of Goa iron ore unit

Hindustan Times  

London-listed Vedanta Resources said on Thursday it would likely record an impairment charge of up to $600 million following the closure of its iron ore business in Goa. Vedanta Ltd is expected to produce around 5.5 million tonnes of Goa ore in the fiscal year ending March 31. In February, the Supreme Court quashed all iron ore mining permits and …

A look at Goa, where mining is now banned
6 years, 11 months ago

A look at Goa, where mining is now banned

The Hindu  

On March 15, all mining activity in Goa, involving iron ore extraction, came to a halt for the second time in nearly two years. This follows the Supreme Court’s order on February 7, cancelling 88 iron ore mining leases in the State that were renewed by the government in 2014-2015 just before the Mines and Minerals Act mandated the auction …

Goa: Stir against mining ban intensifies, protesters lathicharged
7 years ago

Goa: Stir against mining ban intensifies, protesters lathicharged

India TV News  

Goa: Stir against mining ban intensifies, protesters lathicharged BJP MLA from Curchorem constituency in South Goa district Nilesh Cabral and many protesters were injured in the lathicharge, a police officer said. The police today baton-charged mining workers who laid siege to two gateway bridges to Panaji in a bid to march into the city to protest the Supreme Court-imposed ban …

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 …

Goa's iron ore mining industry will be back on its feet by year-end, says Manohar Parrikar
7 years, 1 month ago

Goa's iron ore mining industry will be back on its feet by year-end, says Manohar Parrikar

Firstpost  

The Goa government is hopeful that the iron ore mining industry, which is foreseeing a crisis, would be “back on its feet” by this year-end, Chief Minister Manohar Parrikar said Panaji: The Goa government is hopeful that the iron ore mining industry, which is foreseeing a crisis, would be “back on its feet” by this year-end, Chief Minister Manohar Parrikar …

Supreme Court cancels 88 mining leases in Goa, says can't operate beyond 15 March
7 years, 1 month ago

Supreme Court cancels 88 mining leases in Goa, says can't operate beyond 15 March

Firstpost  

SC cancelled 88 mining leases in Goa that were renewed by the state govt in 2015 just before Mines and Minerals Act mandated the auction of mining leases. New Delhi: The Supreme Court on Wednesday cancelled 88 mining leases in Goa that were renewed by the state government in 2015 just before the Mines and Minerals Act mandated the auction …

Arvind Kejriwal promises rehab fund for mining affected in Goa
8 years, 2 months ago

Arvind Kejriwal promises rehab fund for mining affected in Goa

Firstpost  

AAP national convener and Delhi Chief Minister Arvind Kejriwal assured rehabilitation fund of Rs 400 crore for the “victims” of iron ore mining ban in place till 2014 in Goa. Panaji: AAP national convener and Delhi Chief Minister Arvind Kejriwal assured rehabilitation fund of Rs 400 crore for the “victims” of iron ore mining ban in place till 2014 in …

SC dismisses Vedanta plea to export iron ore from Karnataka [Read Judgment]
8 years, 6 months ago

SC dismisses Vedanta plea to export iron ore from Karnataka [Read Judgment]

Live Law  

The Supreme Court on Thursday dismissed Vedanta Group’s plea to export iron ore mined from Karnataka. It stated that Vedanta’s inability to sell the ore due to higher pricing cannot be made the ground for its export.However, the apex court allowed the National Mineral Development Corporation to continue with its dual pricing mechanism.The Karnataka Iron and Steel. to indicate otherwise.” …

Supreme Court mining order: Many Ballari mills shut
9 years ago

Supreme Court mining order: Many Ballari mills shut

Deccan Chronicle  

Ballari: Nearly 80 per cent of the 67 sponge iron mills in Karnataka have either been shut down or are on the verge of closure due to shortage of iron ore since the Supreme Court banned iron ore mining in the state in July 2011 according to Mr T. Srinivas Rao, president, Karnataka Sponge Iron Manufacturers Association. According to documents …

Vedanta to Resume Iron-Ore Mining in Goa
9 years, 7 months ago

Vedanta to Resume Iron-Ore Mining in Goa

The Quint  

Anil Agarwal-led mining firm Vedanta said it has received necessary government approvals and will resume operations at its biggest iron ore mine at Codli in Sanguem taluka in Goa, on Monday. The company has received relevant consent, licence and approvals to commence iron ore mining operations in Goa for some of its leases. — Vedanta Ltd BSE Filing The company …

Vedanta looks to regain market after Goa mining resumption-IndiaTV News
9 years, 8 months ago

Vedanta looks to regain market after Goa mining resumption-IndiaTV News

India TV News  

Panaji: Vedanta Limited, which has managed to retain 80 per cent of its earlier mining capacity in Goa after state government's renewal of the leases, is now looking to regain the lost market share, a senior official said. When asked about retrenchment of workers, Albanese said, "Beginning last quarter, we started restructuring of our Goa business and we have initiated …

Goa mining industry welcomes renewal of iron ore leases
10 years, 4 months ago

Goa mining industry welcomes renewal of iron ore leases

India TV News  

New Delhi: The mining industry and its dependents have welcomed Goa government's move to renew the leases for resumption of iron ore tapping, suspended for last two years following a Supreme Court order. "The news with regard to the renewal of certain lease areas is a positive step towards commencement of the sector, which has been in suspended animation for …

Goa mining policy to regularize 'illegal" ores: CM
10 years, 8 months ago

Goa mining policy to regularize 'illegal" ores: CM

India TV News  

Panaji: Goa's soon to be announced state mining policy would device means to regularise iron ore mined during 2007-2012, which was termed “illegal” by a recent Supreme Court judgement. It was decided that it is illegal in the year 2014,” Goa Chief Minister Manohar Parrikar told reporters here today. He said that the mining policy would work out a solution …

Iron ore mining has resumed in 25 lease areas, says Siddaramaiah
10 years, 8 months ago

Iron ore mining has resumed in 25 lease areas, says Siddaramaiah

The Hindu  

Chief Minister Siddaramaiah on Tuesday told the Legislative Assembly that iron ore mining had resumed in 25 lease areas in the State. Shivalinge Gowda during the Question Hour, the Chief Minister said companies had been allowed to resume mining according to the Supreme Court’s directive that mining could be permitted based on certain conditions. Revanna, the Chief Minister said according …

AAP appreciates Narendra Modi's stand on mining in Goa
10 years, 9 months ago

AAP appreciates Narendra Modi's stand on mining in Goa

India TV News  

Panaji: The AAP Monday welcomed Prime Minister Narendra Modi's remarks that iron ore from Goa's mines should be utilized in India itself and not to be exported. "AAP Goa appreciates Modi's statement regarding not limiting our mining adventures simply to extract our precious natural resources and bolster the economy of other countries to which they get exported, but to convert …

SC allows 20 million tonnes mining in Goa
10 years, 11 months ago

SC allows 20 million tonnes mining in Goa

The Hindu  

The Supreme Court on Monday allowed an annual cap of 20 million tonnes of iron ore to be extracted in Goa which was banned by it in the state for nearly one-and-a-half years. Kalifulla, however, said expert panel will give final a recommendation on annual cap on excavation of iron ore within six months. The apex court had on November …

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 …

Goa will try reducing windfall profits by mine owners: Parrikar
11 years, 2 months ago

Goa will try reducing windfall profits by mine owners: Parrikar

Firstpost  

Goa Chief Minister Manohar Parrikar today said the mining industry would resume operations in this calendar year but the governments –- both State and Centre — should work out modalities to reduce windfall profits earned by mine owners. Panaji: Goa Chief Minister Manohar Parrikar today said the mining industry would resume operations in this calendar year but the governments –- …

Paralysis in ore mining renders 1,00,000 jobless, says Vedanta Chief
11 years, 3 months ago

Paralysis in ore mining renders 1,00,000 jobless, says Vedanta Chief

The Hindu  

Ban on iron ore mining in Goa and Karnataka is not only hurting the economy but has rendered as many as 1 lakh people jobless, Vedanta Resources chairman Anil Agarwal on Wednesday said. “Paralysis in iron ore mining hurting industries and people sentiments, has put Goa and Karnataka economy in shambles, leaving 100,000 jobless,” Mr. Agarwal tweeted on Wednesday. As …

SC gives go-ahead for auctioning mined ore in Goa
11 years, 4 months ago

SC gives go-ahead for auctioning mined ore in Goa

Firstpost  

The Supreme Court imposed a ban on exports and production in Goa last year in a crackdown on illegal mining. The Supreme Court gave the go-ahead on Monday for the auction of around 11.46 million tonnes of iron ore already mined in Goa, potentially doubling the country’s exports this year to top market China if overseas sales are allowed. The …

Iron ore mining in Goa might be governed by new panels appointed by SC
11 years, 4 months ago

Iron ore mining in Goa might be governed by new panels appointed by SC

Firstpost  

The Supreme Court today said it may consider constituting one or two panels for looking into various aspects of iron ore mining in Goa including fixation of annual cap over the volume of extractions with an aim to preserve the mineral for future generations New Delhi: The Supreme Court today said it may consider constituting one or two panels for …

Goa mining scam: Former Cong CMs Kamat, Rane named in FIR
11 years, 5 months ago

Goa mining scam: Former Cong CMs Kamat, Rane named in FIR

Firstpost  

Goa’s Anti-Corruption Bureau on Monday filed an FIR against two former Congress chief ministers Digambar Kamat and Pratapsingh Rane and others in connection with the iron ore mining scam in the state. Panaji: Goa’s Anti-Corruption Bureau on Monday filed an FIR against two former Congress chief ministers Digambar Kamat and Pratapsingh Rane as well as other officials in connection with …

Goa: Nearly 70 mines within 10 km of sanctuaries: CEC to SC
11 years, 6 months ago

Goa: Nearly 70 mines within 10 km of sanctuaries: CEC to SC

Firstpost  

A Supreme Court-appointed panel on Thursday told the apex court that nearly 70 iron ore mines in Goa fall within the prohibited 10 km radius of National Parks and Wildlife Sanctuaries and the environment clearance certificates of miners must be reviewed. New Delhi: A Supreme Court-appointed panel on Thursday told the apex court that nearly 70 iron ore mines in …

Sesa Goa may resume mining in Karnataka; forest nod recommended
11 years, 8 months ago

Sesa Goa may resume mining in Karnataka; forest nod recommended

India TV News  

New Delhi, July 14: A top advisory body of the Environment Ministry has recommended grant of forest clearance to Sesa Goa's iron ore mine in Karnataka, paving the way for the Vedanta group firm to resume operations in the Southern state after about 2 years. Moreover, a final decision from the Environment Ministry in this regard is also expected by …

Goa Govt ready for auctioning of mining leases
11 years, 11 months ago

Goa Govt ready for auctioning of mining leases

India TV News  

Panaji, Mar 26: Facing adverse impact of a ban on mining in the State, the Goa Government has told the Supreme Court it was willing to introduce competitive auctioning of mining leases subject to legal permission for the same. "The Government is not at all averse to the mode of going for competitive auction of the mining leases in Goa, …

Goa mining ban: Govt to offer financial packages to affected workers
12 years, 1 month ago

Goa mining ban: Govt to offer financial packages to affected workers

Firstpost  

The Goa government is working on a financial package for people in the state’s mining belt who have lost jobs or ancillary businesses following the ban on iron ore mining, Governor Bharat Vir Wanchoo announced on Monday. Panaji: The Goa government is working on a financial package for people in the state’s mining belt who have lost jobs or ancillary …

Sesa Goa defers January salary
12 years, 1 month ago

Sesa Goa defers January salary

The Hindu  

Vedanta group firm Sesa Goa has deferred 10-25 per cent of salaries to its senior employees as it grapples with huge erosion in sales and profits on account of ban on mining in Goa and Karnataka, a top company official said on Friday. From January 1, the payment of 25 per cent of salaries have been deferred for top management, …

Vedanta's iron ore sales down 86% in Q2
12 years, 5 months ago

Vedanta's iron ore sales down 86% in Q2

India TV News  

New Delhi, Oct 9: Vedanta Resources said on Tuesday that its iron ore sales fell by a whopping 86 per cent in the July-September quarter this fiscal as production dipped due to the mining ban in Karnataka for over a year now. Anil Agarwal-led company also recorded nine per cent decline in Indian zinc output to 1.9 lakh tonnes during …

China using up Goa's iron ore: Report
12 years, 6 months ago

China using up Goa's iron ore: Report

India TV News  

Panaji, Sep 8: China prominently features in a probe report on illegal iron ore mining in Goa, which warns that while the eastern neighbour is gobbling up India's iron ore reserves, the future might see a reversal of the trend. "Planning and conservation of iron ore for at least 50 years is required for Goa so that future generation may …

Vedanta to shut Odisha plant, effects 7,000 people
12 years, 6 months ago

Vedanta to shut Odisha plant, effects 7,000 people

Hindustan Times  

Vedanta Aluminium Limited, a subsidiary of the London Stock Exchange listed multi-billion dollar Vedanta Resources group, on Thursday told the Odisha government it wants to temporarily shut down its alumina refinery in the state due to lack of bauxite by December 5. Vedanta-says-it-ran-the-plant-at-60-of-its-capacity-incurring-a-loss-of-Rs-3-000-crore-HT-File-Photo “The decision is painful because it will affect the livelihood of nearly 7,000 people including 550 direct …

Karnataka govt recommends approval of 8 iron ore mines
12 years, 8 months ago

Karnataka govt recommends approval of 8 iron ore mines

Firstpost  

The court had partially removed the mining ban earlier this year by allowing mining by category A mines besides approving NMDC’s output of 1 million tonnes per month. Bangalore: 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 HR Srinivasa, director, department of mines of …

Ban on mining in K'taka sees Vedanta's yearly iron ore output drop
12 years, 11 months ago

Ban on mining in K'taka sees Vedanta's yearly iron ore output drop

Firstpost  

India-focused miner Vedanta posted a drop in full-year iron ore output, as a ban on mining in Karnataka and logistical bottlenecks continued to bite. London: India-focused miner Vedanta posted a drop in full-year iron ore output, as a ban on mining in Karnataka and logistical bottlenecks continued to bite. The miner said its iron ore production over the full-year to …

Another duty hike? FY12 iron ore export unlikely to cross 50MT
13 years, 2 months ago

Another duty hike? FY12 iron ore export unlikely to cross 50MT

Firstpost  

The government had raised export duty on both lumps and fines to 20 percent in the Budget for the current fiscal in order to check the indiscriminate export of the raw material and encourage domestic value addition. New Delhi: The country’s miners have said the upward revision in iron ore export duty to 30 percent will make India’s produce uncompetitive …

Goa miners in limbo after expiry of green clearances
13 years, 4 months ago

Goa miners in limbo after expiry of green clearances

The Hindu  

The fate of 45 mines in Goa hangs in balance as the environmental clearances granted to them by the Ministry of Environment and Forests being expired and Centre imposing a moratorium on fresh approvals. An NGO, Goa Foundation, which had moved the Bombay High Court bench in Panaji seeking closure of the mines violating the norms said “it is doubtful …

Goa Govt Admits To Illegal Mining In HC Affidavit – India TV
13 years, 5 months ago

Goa Govt Admits To Illegal Mining In HC Affidavit – India TV

India TV News  

Panaji, Oct 20: Goa government has admitted before the High Court that there has been illegal extraction of iron ore in the state. In the affidavit before Bombay High Court's Goa bench, Mines and Geology department has said that 6,000 tons of iron ore was extracted in excess of Environment Clearance limits last fiscal. “An exercise was undertaken to verify …

Goa government told to submit details over iron ore dumps
13 years, 5 months ago

Goa government told to submit details over iron ore dumps

Firstpost  

The Union Ministry of Mines has asked the Goa Government to submit details by 18 October regarding the low grade ore lying in the form of mining rejects along side the extraction sites in the coastal state. Panaji: The Union Ministry of Mines has asked the Goa Government to submit details by 18 October regarding the low grade ore lying …

Goa Iron Ore Exporters Defend Export Of Low Grade Ore To China
13 years, 5 months ago

Goa Iron Ore Exporters Defend Export Of Low Grade Ore To China

India TV News  

Panaji, Oct 4: Iron ore exporters from Goa today claimed that the demand for low grade of ore in China has helped to prolong the life of mining industry in the state. "The ore which was stacked as rejection at the mining site was exported during last few years after China boom," Shivanand Salgaoncar, President, Goa Mineral Ore Exporters Association …

Shah Commission commences probe into illegal mining in Goa
13 years, 6 months ago

Shah Commission commences probe into illegal mining in Goa

The Hindu  

Shah, heading the Central government-appointed inquiry Commission on mining, on Friday began inspection of several controversial mines, to ascertain the ground realities of illegal iron ore mining in the coastal state. A senior mines department officer said due to paucity of time, Mr. Shah is likely to only inspect couple of mines as against his earlier plan to visit eight …

Mines of conflict
19 years, 3 months ago

Mines of conflict

The Hindu  

The Orissa government has handed over to private companies virtually all the iron ore mines, which are in some of the most underdeveloped districts of the State, leading to protests by tribal people and environmental activists. The areas that would witness mining of iron ore and the setting up of new steel plants and captive power plants are Keonjhar, Sundargarh, …

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