Wednesday March 18, 2015
With the withdrawal of the suspension order, the Goa government said the mining industry will resume operations immediately.
Friday January 16, 2015
Goa has removed a two-year ban on iron ore mining and expects mines could be back up and running by March or April at the earliest, its Director of Mines and Geology Prasanna Acharya said on Friday.
Thursday December 18, 2014
This is expected to pave way for other financial institutions to settle the long-pending bad debt of those who are in a lurch due to the halting of mining in the state.
Wednesday July 9, 2014
Supreme Court, in April this year, allowed an annual cap of 20 million tonnes of iron ore to be extracted in Goa which was banned by it in the state for nearly one-and-a-half years.
Saturday June 28, 2014
The Goa government on Saturday began an exercise to offset loans of the people dependent on mining activity, whose borrowings worth Rs 1,000 crore were feared to get into a bad debt.
Saturday June 7, 2014
Chief Minister Manohar Parrikar had earlier said the policy would be drafted by June-end but the stakeholders feel the government should fast-track the process so that the mining industry, which has been reeling under a Supreme Court ban for last two...
Sunday May 25, 2014
The Goa government has said it will adopt a transparent mechanism to award mining leases in future and is studying the Supreme Court order lifting ban on iron ore extraction before taking a decision on vacating current mine operators whose fate hangs...
Thursday May 1, 2014
The layoff notices were given following the closure of iron ore business of Sesa Sterlite due to a Supreme Court imposed ban on mining in the state.
Wednesday April 23, 2014
The Supreme Court lifted a 19-month old ban on mining in Goa on Monday, although it capped annual output in the state at 20 million tonnes. More supply from Goa, which exports nearly all its output, is likely to add to an expected surplus in the worl...
Tuesday April 22, 2014
The Supreme Court lifted a 19-month old ban on mining in Goa on Monday, a move that will put more pressure on global prices although it capped annual output in the state at 20 million tonnes.
Monday April 21, 2014
The top court today allowed an annual cap of 20 million tonnes of iron ore to be extracted in Goa which was banned by it in the state for nearly one-and-a-half years.
Monday April 21, 2014
A bench comprising justices A K Patnaik, S S Nijjar and F M I Kalifulla, however, said expert panel will give final a recommendation on annual cap on excavation of iron ore within six months.
Monday April 21, 2014
The Supreme Court order is significant for Sesa Sterlite, the main subsidiary of mining conglomerate Vedanta.
Friday April 4, 2014
The Supreme Court is expected to rule on lifting an 18-month old mining ban in Goa soon, after which operations may resume in September, following the monsoon, a Sesa Sterlite official said on Friday.
Monday February 10, 2014
The ban in Goa had frozen shipments that reached about 50 million tonnes in the 2010/11 fiscal year. India's top court is hearing an appeal to resume mining in the state.
Tuesday January 14, 2014
The ban on iron ore mining by the Supreme Court had adversely impacted economic activities in Goa and also the collection of import and export duties.
Thursday January 9, 2014
The ban, imposed in 2012 to clamp down on illegal mining following a similar step in Karnataka in 2011, has cut India's iron ore exports by about 85 per cent, or 100 million tonnes, over the past two years.
Thursday January 2, 2014
Bans on iron ore mining and exports in top producing states of Karnataka and Goa have choked the industry so hard that MMTC is one of many firms exiting. Even if efforts to fully lift the bans make it past the many bureaucratic and legal hurdles, iro...
Monday December 30, 2013
Vedanta, controlled by metals tycoon Anil Agarwal, has been hurt by the ban on iron ore mining in Karnataka and Goa over the last few quarters.
Saturday December 28, 2013
A plea to union Finance Secretary Sumit Bose by the Goa Chamber of Commerce and Industry (GCCI) Saturday urged the central government to help the state's economy, whose "every sector is reporting lower volumes" due to a current ban on mining.
Wednesday December 11, 2013
Ban on iron ore mining in Goa and Karnataka is not only hurting the economy but has rendered as many as one lakh people jobless, Vedanta Resources chief Anil Agarwal said today.
Tuesday November 12, 2013
Restrictions aimed at clamping down on illegal mining have slashed output and shipments from India, previously the world's third-largest exporter with over $7 billion a year of iron ore supplied mostly to China's steelmakers.
Wednesday October 9, 2013
Vedanta has been hurt by the ban on iron ore mining in Karnataka and the western Indian state of Goa over the last few quarters. The company received clearance from India's top court in September to resume mining in Karnataka, but is still awaiting a...
Monday July 29, 2013
Vedanta group firm Sesa Goa on Monday reported a 57 per cent decline in its consolidated net profit at Rs 414.30 crore for the quarter ended June 30, 2013, as its iron ore mining operations remained closed due to ban in Goa and Karnataka.