The Orissa government and Indian Bureau of Mines (IBM) are working out a compromise formula for the pricing of iron ore mined from the state. The move, in all likelihood, would lead to an increase in the prices of the mineral. The state government had earlier flayed the IBM’s methodology for pricing the ore, saying there was gross under-reporting of the actual market value of the mineral by it, leading to a notional loss to the state exchequer.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/orissa-mines-bureau-work-out-iron-ore-pricing
[2] http://admin.indiaenvironmentportal.org.in/category/author/parul-chhaparia
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indian-bureau-mines
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/minerals
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-mines
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/iron
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
