The company's mining lease is spread over 162 hectares with an approval to mine up to 2.3 mn tonnes, about 38.3% of original capacity, after the CEC approved the company's reclamation and rehabilitation plan
Sesa Sterlite, the largest private largest mining company in Karnataka, is a step away from restarting its iron ore mines in the state.
Only 15 mines have resumed mining with a combined capacity of 5.72 million tonnes per annum
Even as the Supreme Court allowed the reopening of iron-ore mines in Karnataka seven months ago, most are still waiting for regulatory approvals to restart operations. Only 15 (12 from Category A and three from Category B) with a capacity of 5.7 million tonnes (mt) a year have restarted operations.
Company recently secured a working permit for one year from MoEF for its mines in Chitradurga district
Sesa Goa, a division of Sesa Sterlite, is moving towards resuming iron ore mining in Karnataka. The company, which had stopped mining following a Supreme Court ban in the state two years ago (later lifted), recently secured a working permit for one year from the union ministry of environment and forests (MoEF) for its mines in Chitradurga district.
Vests all mines with Mysore Minerals to conduct the auction
The Karnataka government has started the process to auction iron-ore mines under Category C by a Supreme Court direction. The combined capacity of all these mines is five million tonnes a year.
In the first phase, it has sanctioned a loan of Rs 113.70 crore to the state government for construction of 354 roads stretching 510 Kms and 22 bridges of 424 meters
The National Bank for Agriculture and Rural Development (NABARD) has allocated Rs 900 crore for various rural and agricultural infrastructure projects in Karnataka.
The Gulbarga bench of Karnataka High Court stays land acquisition process
The proposed expansion of bottling capacity in Karnataka by Hindustan Coca-Cola Beverages Pvt Ltd (HCCBPL), bottling partner of the Coca-Cola Company in India, is likely to be delayed. The Gulbarga circuit bench of the Bangalore High Court has stayed the process of land acquisition for the new plant in Yadgir district.
The Gulbarga bench of Karnataka High Court stays land acquisition process
The proposed expansion of bottling capacity by Hindustan Coca-Cola Beverages Pvt Ltd (HCCBPL), a bottling partner of Coca-Cola Company in India, is likely to be delayed in Karnataka as the Gulbarga circuit bench of Karnataka High court has stayed the process of land acquisition for the company's new plant in Yadgir district.
Korean steel giant is fed up over delay in land acquisition
South Korean steel giant Posco has called off its decision to invest Rs 32,300 crore to set up a six-million-tonne-per-annum steel plant in Karnataka. The decision follows prolonged delay in the acquisition of land by the state government at Halligudi, in Gadag district.
