In a relief to the domestic steel industry, the Supreme Court on Friday allowed state-owned NMDC to operate its two mines for production of one million tonne iron ore per month in Karnataka’s Bellary district.
NMDC The Supreme Court marginally relaxed its tough stand on mining iron ore in Karnataka's Bellary region, allowing only public sector NMDC to operate there. Private operators have been stopped from further mining and export.
The Supreme Court on Friday refused to lift its ban order on iron ore mining in Bellary district of Karnataka by the private companies but permitted the central PSU, National Mineral Development Corporation to resuming it from Saturday under strict conditions for maintaining the supply to the domestic steel industry.
Hassan : With incessant rain experienced in various parts of the district for the past couple of days, the water level in the river has increased and the inflow to the Hemavathi reservoir in Gorur is brimming to the capacity.
Steelmakers and mine owners, reeling under a ban on mining in Karnataka, are keeping their fingers crossed about the Supreme Court hearing scheduled on Friday.
BellaryThe Bellary district administration, which had intermittently gone to sleep in the last few days despite the Supreme Court ban on mining, seems to be awake and alert now. The officials have now taken some concrete steps to check illegal transportation of iron ore, after huge quantities of it continued to leak through the borders of the dusty, mineral-rich district.
The Supreme Court has been moved for a direction to the Union and Karnataka governments to recover the value of minerals excavated through illegal mining, approximately valued at Rs. 1,50,000 crore, with penalty and interest, from all those indicted by the Lokayukta.
