New Delhi: Mines minister Sis Ram Ola has ignored his own officials and the advice of the Karnataka Government and overlooked the Cabinet secretary by intensely pitching for reserving 1,503 hectares of the prized Ramandurg iron ore mines in the state for PSU Minerals and Metals Trading Corporation (MMTC). MMTC falls under the purview of the commerce ministry.
BHUBANESWAR: The State Government is yet to take a decision on the issue of iron ore mine lease to South Korean steel major Posco.
To a question from Lalatendu Bidyadhar Mohapatra (Cong),Minister of State for Mines Pradip Amat said that in December, 2006 the State Government under Section 11(5) of the MMDR Act, 1957 recommended Posco
The coal ministry today ruled out allocation of coal blocks to power, steel and cement industries by way of competitive bidding in the near future and blamed the mines ministry for delaying the Bill which would amend the Act under which mining blocks are allotted.
The move could disappoint Tata Steel, SAIL and Reliance Power who want a quick allocation of mining blocks.
Revised guidelines by Ministry of Mines for states on submission of mineral concession proposals. States can now recommend cases for areas not prospected if they are satisfied about the establishment of existence of mineralization.
