A day after it posted its first ever quarterly net loss due to slowdown in China and aweak market in Europe, ArcelorMittal, the world’s largest steel producer has some reason to cheer.

The company has got the entire 2,700 acres of land near Bellary, Karnataka

ArcelorMittal has finally crossed the biggest hurdle in setting up any project in India -- land. The company has got the entire 2,700 acres of land near Bellary, Karnataka, required for its steel plant from the state government. Bellary is the the rich iron ore district of Karnataka where most of the steel plants, including 10 million tonne plant of JSW Steel is located. The land has been acquired by the Karnataka government through Karnataka Industrial Area Development Board (KIADB) and the company has deposited Rs 260 crore with the government for the same.

Restoration Will Take 30 Yrs: Panel

Firms must shell out part of earnings for reclamation, rehab works

The Central Empowered Committee (CEC) is likely to place its Social and Ecological Development Plan for restoring the environment and human habitations in the mining devastated districts of Bellary, Chitradurga and Tumkur, before the Supreme Court on November 2. If the apex court gives its nod, Rs 30,000 crore will be spent over 10 to 15 years for improving the living conditions of the people as well as restoring the environment in 130 villages located in the buffer zone of nine taluks in these districts

The monitoring committee constituted by the Central Empowered Committee (CEC) of the Supreme Court on Friday gave its consent to three mining firms, which operated in Bellary and Chitradurga, to resume mining.

Official sources said the committee comprising three members - H R Srinivasa, Director, Department of Mines & Geology, Dipak Sarmah, Additional Principal Chief Conservator of Forest, and U V Singh, Chief Conservator of Forest - held a meeting in Bangalore where the final clearance was given to the three firms. The decision taken by panel will be placed before the CEC.

Bangalore/New DelhiThe Central Bureau of Investigation (CBI) on Tuesday filed a chargesheet against former Karnataka chief minister BS Yeddyurappa and his family members for allegedly not recoverin

Central Empowered Committee recommends setting up SPV to implement environment conservation plan in mining districts of Bellary, Chitradurga & Tumkur

The Central Empowered Committee (CEC) of the Supreme Court has recommended a Rs 30,000 crore project to undertake environment conservation and socio-economic development in the three districts of Karnataka, where rampant illegal mining has devastated the environment. It has finalised a plan for setting up of a special purpose vehicle (SPV) to implement the plan.

Five mining leases with a combined capacity of 2.56 mt are waiting for final approval to restart mining in Bellary & Chitradurga districts

The resumption of iron ore mining in Karnataka is likely to be delayed as none of the Category A mines is able to secure all statutory approvals stipulated by the Supreme Court. The apex court had lifted ban on 18 Category A mines to resume mining subject to fulfilment of stringent conditions in its order passed on September 3. The order followed the acceptance of a report of the Central Empowered Committee (CEC), which had recommended relaxation of the prohibition as they had done the least harm to the environment.

The Karnataka High Court on Wednesday refused to grant bail to IFS officer S. Muthaiah and retired Deputy Director of Mines and Geology Department S.P. Raju, accused in the illegal mining case against the former Minister G. Janardhan Reddy-owned Associated Mining Company (AMC).

Justice H.N. Nagamohan Das passed the order while holding that the court cannot brush aside the apprehension of the Central Bureau of Investigation (CBI), which is probing the case, that the accused may tamper with the witnesses and also hamper further investigation if enlarged on bail.

PANJIM: Illegal mining is a common thread between the state of Goa and the district of Bellary in Karnataka, yet parallels cannot be drawn between the two regions. Goa and Bellary have been in the news since illegal mining in the two regions came into sharp focus. The Supreme Court ban on mining in both areas has brought the issue out in sharp relief.

The mining industry figures prominently in the economics of the two regions but there are basic variations in structures that cannot be ignored, which the mining lobby in Goa conveniently overlooks; quite apart from the parallels drawn between two BJP chief ministers, that is.