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.
India | Edited by Mala Das | Thursday November 6, 2014
Goa mining baron Radha Timblo, who is one of the eight people named by the government in Supreme Court in connection with untaxed or black money in foreign accounts, has been summoned by the Enforcement Directorate on November 12.
India | Sreenivasan Jain | Saturday October 18, 2014
After Karnataka and Goa, the Odisha government could be rocked by charges of illegal mining. A report by the Central Committee set up by the Supreme Court has found that 187 iron ore and manganese mines in the state are guilty of a host of violations...
Tuesday October 14, 2014
Shares in Sesa Sterlite fell as much as 12 per cent to a low of Rs 218.90 on Tuesday after the Supreme Court on Goa mining said that pre-2007 iron ore belongs to the state. The pre-2007 iron ore has to be auctioned, the top court said.
Wednesday October 8, 2014
Sesa is India's top private iron ore mining company with most of its operations in Goa, the biggest iron ore exporting state where no mining has taken place since September 2012 due to action against illegal mining.
Cities | Press Trust of India | Monday September 15, 2014
Criticising the state government for being slack over restoration of a mining lease, the National Green Tribunal (NGT) on Monday issued a bailable arrest warrant against Goa chief secretary B. Vijayan.
Thursday September 11, 2014
Mining curbs in India in states such as Goa and Karnataka along with mine closures in top producing Odisha have limited iron ore availability in the country, opening the door to more imports this year, which could help absorb some of the surplus in g...
Cities | Press Trust of India | Saturday August 16, 2014
In a clear signal that 28 mining leases would soon be operational resuming iron ore extraction in the state, Goa Chief Minister Manohar Parrikar said that the government will not challenge the recent High Court order which has asked the government to...
Cities | Press Trust of India | Friday August 15, 2014
Goa Chief Minister Manohar Parrikar today said that the mining industry will resume operations by this year end, thereby restarting the economic activity in the iron ore rich belts of 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.
Thursday July 3, 2014
The miner expects its total iron ore output at 9.29 million tonnes in the current fiscal year to March 2015, Aniruddha Joshi, a vice president at Sesa Sterlite that operates in Goa and neighbouring Karnataka, told Reuters in an interview.
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
In a statement, the Vedanta Group firm said that the apex court has held that all mining leases in Goa, including those of Sesa Sterlite, have expired in 2007 and hence, no mining operations can be carried out until renewal/execution of mining lease ...
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.
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.
Sunday March 30, 2014
Donations by mining conglomerate Vedanta Resources to Indian political parties were cut by half to over Rs 5 crore ($0.97 million) in 2012-13.
Wednesday March 26, 2014
Iron ore mines in Goa are likely to restart operations from September, though approvals to resume operations may arrive in the next two or three months, a top industry official said on Wednesday.
Tuesday March 11, 2014
Metals producer Sesa Sterlite said it may have to cut jobs if a top court sets a limit on the amount of iron ore it can mine in Goa when and if it allows mining to restart in what used to be the country's top exporter.
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.