Shares fall 2% after recommendations of scrapping 42 iron ore mining leases in Goa

Reeling under serious raw material crises, steel makers in Chhattisgarh want Odisha model in the state for their survival.

The Odisha government in its recent order had directed that atleast 50 per cent of the iron ore lumps and 50 per cent of the iron ore fines won from the mines in any month and not put to captive use by the lessees should be sold to the stand alone mineral based industries located in the state. The instruction shall be effective from December 2012 till further order.

After the shutdown of Vedanta Aluminium's one-million tonne alumina refinery at Lanjigarh on December 5, the Odisha government seems to have woken up, albeit belatedly, to the raw material crisis that has stalked the company for last five years.

In a bid to help revive operations of the Lanjigarh refinery, the steel & mines department has started the process of identifying prospected bauxite deposits where mining operations can commence with the statutory clearances.

Vedanta Alumina Limited (VAL), on Wednesday, shut down its alumina refinery at Lanjigarh in Odisha’s Kalahandi district, and stopped feeding bauxites and started washing its tanks.

Afghanistan is set to sign very shortly its largest mining deal entailing the single-largest foreign investment in mining ever made by an Indian business, said Wahidullah Shahrani, Minister of Mine

The Odisha state government has been on an overdrive since the Shah Commission gave its report on Goa mining.

Having received only limited success in their global quest for natural resources, public sector metal and mining companies might turn their focus now on just a handful of mineral-rich countries whe

Miners also asked to explain why contiguous leases have bot been combined though Rule 38 of Mineral Concession rules 1960

The Supreme Court-appointed Central Empowered Committee (CEC) investigating into alleged illegal mining activities has asked mining companies operating in Goa to explain violations of rules, even as miners brace themselves for the impact of a continuing ban on mining activities in the state. “The CEC sought our views on four issues including placement of dumps outside lease boundaries, contiguous nature of some mines, transfer of leases and the Supreme Court’s interpretation of the buffer zone issue, in its meeting with the mining association members on Wednesday,” a member of the Goa Mineral Ore Exporters Association (GMOEA) said.

PANJIM: At a time when the Supreme Court-appointed Central Empowered Committee (CEC) is questioning the State Government and mine owners on the discrepancies in the information provided and the ram