Judgement of the Supreme Court of India in the matter of The Goa Foundation Vs M/s Sesa Sterlite Ltd. & Others dated 07/02/2018 regarding illegal mining in the State of Goa. Apex Court noted that the State of Goa was obliged to grant fresh mining leases in accordance with law and not second renewals to the mining lease holders.
Judgement of the High Court of Kerala in the matter of Sheriff A. H. Vs State of Kerala & Others dated 06/02/2018 regarding prohibition on the working of a quarry in Ernakulam District, Kerala by the District Collector, Ernakulam. The order was issued mainly for non-compliance of Section 40 of the Kerala Irrigation and Water Conservation Act, 2003. Court disposes of the appeal.
The Supreme Court on 2 Aug 2017, imposed a 100% penalty on illegal mining on account of lack of forest and environment clearances, mining outside lease/permitted area and for encroachment beyond the mining area in Odisha. The 100% penalty will be levied on the miners’ total value of illegal extracts over the years. Read full text of this 114-page verdict
The National Mineral Exploration policy (NMEP) can provide an impetus to exploration and generate a continuous flow of mineral blocks to be auctioned, according to an EY report titled' Indian minerals exploration - play to win.' With only 10% of the 8 lakh sq.
A new report, Mining and Metals in a Sustainable World 2050, has been launched as part of the World Economic Forum's Industry Agenda publication. Few industries are more fundamental to global social and economic development than mining and metals.
EY’s Business risks in mining and metals 2015–2016 report is based on EY discussions with leading global mining and metals companies, and analysis of the operating environment for companies in the sector. It is EY’s eighth annual report analyzing and ranking the top strategic business risks for companies in the sector.