Following NTPC's exit from ICVL, the government is mulling a couple of options for distributing power major's 14% stake among the existing shareholders— SAIL, RINL, NMDC and Coal India.
One of the options, which might pave for smooth distribution, is allocating the 14% stake in proportion to the current shareholding pattern.
The coal ministry will invite a fresh application from state-owned miner NMDC Ltd for the allocation of India’s largest thermal coal block, Deocha Pachami, in West Bengal’s Birbhum district.
Officials of the Karnataka Industrial Areas Development Board (KIADB) held a meeting on Tuesday to hear the views of farmers on the proposed acquisition of land for a steel plant to be set up by the National Mineral Development Corporation (NMDC) in Bellary taluk.
Diverse views emerged at the meeting, with some farmers stating that they would not part with their land, and others suggesting that acquisition land beyond the actual requirement be avoided. Allotment of shares and employment to families of land-losers were also suggested.
Wants cancellation of 49 iron ore leases, penalties on others
The panel appointed a year earlier by the Supreme Court to probe illegal mining in Karnataka has made several recommendations in its final report, with far-reaching implications. The final report was given to the SC on Friday.
The Ministry of Environment and Forests (MoEF) has refused clearance to one of the iron-ore mines of state-owned NMDC in Bailadila district, Chhattisgarh, a senior official of the company said.
The Ministry of Environment and Forests (MoEF) has rejected clearance to one of the ironore mines of state-owned NMDC in Bailadila district, Chhattisgarh, a senior official of the company said.
The Ministry of Environment and Forests (MoEF) has rejected clearance to one of the iron-ore mines of state-owned NMDC in Bailadila district, Chhattisgarh, a senior official of the company said.
"The file (for forest clearance of the mine) has been returned, may be due to misrepresentation or something like that," NMDC Director (Finance) S Thiagarajan said.
State-owned NMDC is actively looking to acquire mineral assets, such as iron ore, coal and phosphate, in Australia, according to Legacy Iron, an Australia-based mining company, in which NMDC acquir
