IRON ORE

  • India delays decision on iron ore licence for POSCO's $12 billion plant 4 days ago

    Bhubaneshwar: The government has again delayed a decision on permitting POSCO to mine iron ore, seeking more clarifications from Odisha where the South Korean company has waited nine years to set up a $12 billion steel plant. Former Prime Minister Manmohan Singh said in January that POSCO's request for a mining...
  • Goa CM Parikkar asked to fast-track resumption of iron ore mining September 30, 2014

    Panaji: People dependent on mining industry have asked the Goa government to fast-track resumption of iron ore mining in the state post Supreme Court lifting the ban. The development comes exactly a day before the Goa state cabinet's scheduled meeting on Wednesday, which is likely to unveil its mining policy,...
  • Iron ore scam: Nine business houses under CBI scanner June 23, 2014

    New Delhi: CBI has initiated 11 preliminary enquiries against nine Chhattisgarh business groups for allegedly exporting iron ore worth Rs 72 crore meant for consumption in domestic market. CBI sources said the agency has started these inquiries for alleged duty evasion in the exports of 7.28 lakh metric tonnes of iron...
  • Goa pollution board to inspect jetties stacking iron ore June 12, 2014

    Panaji: With the arrival of monsoon in Goa, the State Pollution Control Board (GSPCB) will inspect all 28 jetties stacking iron ore, located along Mandovi and Zuari rivers, to ensure that it does not flow into any water body. GSPCB chairman Jose Manuel Noronha told PTI that the ore flowing into...
  • SC lifts ban on iron ore mining in Goa, caps it at 20 mn tonnes per yr April 21, 2014

    New Delhi: In a big relief for the miners in Goa, the Supreme Court on Monday lifted the ban on mining of iron ore in the coastal state. The apex court also put a cap on the permitted mining in the state. The top court said not more than 20 million...
  • SAIL seeks final iron ore mine approvals from PMG November 17, 2013

    SAIL has knocked at the doors of the Prime Minister's Project Monitoring Group, set up to expedite approvals of stalled infrastructure proposals, seeking final forest and environment clearances for mining and capacity expansion at the Gua iron ore mines in Jharkhand. "We have approached them (the PMG) as stageII (final) forest...
  • Supreme Court allows auction of iron ore in Goa November 11, 2013

    Supreme Court on Monday gave nod for the auction of around 11.46 million tonnes of iron ore already mined in Goa, potentially doubling the country's exports this year to top market China. The court also said it would set up a panel to decide on a cap for Goa's iron ore...
  • CBI team steps up probe into illegal iron ore export scam October 27, 2013

    Hospet: Intensifying its probe into illegal iron ore export scam, a 10member team of CBI officials today began grilling several persons from mining firms and transport companies in connection with the case. The members also visited stockyards and mining areas in the minerich Bellary district, officials said. The team would stay here...
  • Karnataka MLA arrested in illegal ore export case September 19, 2013

    Bangalore: The Central Bureau of Investigation (CBI) Thursday arrested Karnataka lawmaker T.S. Suresh Babu for his alleged involvement in the illegal export of iron ore from Belekeri port on the state's west coast. "Babu has been taken into custody at Bellary and brought to Bangalore for investigation into the case, which...
  • CBI arrests Bellary Reddys' party MLA September 19, 2013

    Bangalore: The CBI has arrested another MLA of the jailed G Janardhan Reddy group in Karnataka in the Belekeri illegal iron ore export case. The MLA, Suresh Babu of the BSR Congress party, is also a nephew of infamous Reddys' close aide B Sriramulu. He represents Kampli Assembly segment in...
  • Naxals set fire on NMDC conveyor belt, mining operations stalled September 18, 2013

    Naxals allegedly set on fire a conveyor belt of National Mineral Development Corporation (NMDC) in Chhattisgarh's Dantewada district in the wee hours of Wednesday, police said. A large number of ultras stormed the NMDC's Bacheli iron ore mines at around 2.30 AM and set on fire its over 80 metres of...
  • Supreme Court to hear plea seeking lifting ban on iron ore mining in Goa September 18, 2013

    New Delhi: The Supreme Court will on Tuesday continue to hear a plea seeking lifting the ban on iron ore mining in Goa. Mining in Goa has been banned since October 2012 after a report by the Justice MB Shah Commission revealed rampant illegal mining. The commission had found "serious...
  • SC to hear plea seeking lifting ban on iron ore mining in Goa September 17, 2013

    New Delhi: The Supreme Court will on Tuesday hear a plea seeking lifting the ban on iron ore mining in Goa. Mining in Goa has been banned since October 2012 after a report by the Justice MB Shah Commission revealed rampant illegal mining. The commission had found "serious illegalities and...
  • Rajasthan HC asks Centre to respond to PIL over illegal mines allotment September 10, 2013

    Jaipur: The Rajasthan High Court on Monday directed the Centre to respond to a PIL, seeking a CBI probe into the alleged illegal allotment of gold and iron ore mines to a company in Bhilwara district, within one week. A single bench of Justice RS Rathore asked the Union Secretary, Mines...
  • SAIL scouts for new iron ore mines in MP,Chhattisgarh,Odisha September 8, 2013

    State-owned SAIL is scouting for new iron ore mines in several states, including Madhya Pradesh, Chhattisgarh, Odisha and Karnataka, as it is gearing up to increase its steel making capacity by up to 50 per cent to 21 million tonnes by this fiscal. "For ensuring regular supplies of iron ore, capacities...
  • CBI arrests Reddy's aide in Belekeri ore export scam September 4, 2013

    Bellary: A close associate of former Karnataka Minister and mining baron G Janardhana Reddy was arrested on Wednesday by CBI in connection with an alleged iron ore export scam. K S Somashekhar, who is also the owner of a transport company, was picked up and questioned for his alleged role in...
  • Commerce Minister Anand Sharma blames judiciary for India's economic crisis August 29, 2013

    New Delhi: Commerce Minister Anand Sharma on Thursday tried to shift the blame for the economic crisis onto the Indian judiciary saying that certain judgements made by the latter has often contributed to the loss to the exchequer. In an exclusive interview to IBN18 Editor-in-chief Rajdeep Sardesai, Anand Sharma also...
  • Tata Steel to bid for Indian iron ore assets of Stemcor August 3, 2013

    Tata Steel would make a bid for buying the Indian iron ore assets of one of Britain's largest independent steel trading companies Stemcor. "Yes, we will make our bid," said Tata Steel Managing Director H M Nerurkar when asked about the company's stand on the issue soon after he inaugurated a...
  • Gali Janardhan Reddy chargesheeted in illegal mining case May 27, 2013

    Bangalore: The CBI probing the alleged multicrore iron ore scam on Monday filed its chargesheet against former minister and mining baron G Janardhana Reddy and six other accused in the case. The chargesheet running into 15,000 pages was filed before the CBI Special Court Judge Shreedshananda. Apart from Reddy, S Muthaiah, then...
  • SC gives green signal to POSCO for iron ore mining in Odisha May 10, 2013

    New Delhi: The Supreme Court on Friday gave a green signal to POSCO to continue with iron ore mining in Odisha. The court quashed Odisha High Court's order, which had set aside the state government's petition to allot iron ore licence to POSCO in the Kandahar hills. The state government had...
  • WB: JSW Steel puts Rs 35k cr steel project on hold April 28, 2013

    New Delhi: JSW Steel has put on hold plans to set up a 10 million tonnes steel plant in West Bengal as it has not been able to secure longterm iron ore supplies for the Rs 35,000 crore project. "It is stalled right now, it's on hold. Unless we are going...
  • SC to decide on Bellary mines barred from mining iron ore today April 18, 2013

    Bangalore: The Supreme Court will on Thursday decide on the fate of mines barred from mining iron ore in Karnataka's Bellary district. A threemember bench will deliver the judgement on a PIL filed three years ago seeking a ban on illegal mining and also a high level inquiry into the...
  • Iron ore scam: Reddy's another associate arrested by CBI March 3, 2013

    Bangalore: One more associate of mining baron G Janardhana Reddy was arrested by CBI in Bangalore on Saturday in connection with illegal iron ore export from Belekeri port in Karwar. K Mahesh was produced before the CBI court on Saturday and remanded in police custody till March 8, CBI sources said. Reddy's...
  • SC likely to allow resumption of mining in Karnataka February 26, 2013

    New Delhi: The Supreme Court may allow the resumption of mining ore in the 6 million tonne Narrain mine in Karnataka. The Central Empowerment Committee had made the recommendations last week. The apex court had banned mining in the area in 2011. India's snail-paced approach to resolve the 18-month iron ore...
  • Goa: SC bans iron ore mining, transportation October 5, 2012

    New Delhi: The Supreme Court on Friday banned all mining operations and transportation of iron ore in Goa. The order came following a hearing on a PIL filed against resumption of mining operations in the state. Earlier this year, the Directorate of Mines and Geology had temporarily suspended mining operations...
  • Karnataka: Belekeri iron ore miners, staff feel the heat September 25, 2012

    Bangalore: Officials and miners named in the Supreme Courtappointed Central Empowered Committee and the Karnataka Lokayukta reports are feeling the heat. The Central Bureau of Investigation (CBI) has largely based its investigations on these reports of illegal export of 50.79 lakh metric tonnes of iron ore from Belekeri port. The...
  • Karnataka: CBI raids 15 places over iron ore export September 15, 2012

    Bangalore: The Central Bureau of Investigation (CBI) carried out raids at at least 15 places across Karnataka in connection with illegal iron ore export. At least a dozen export companies have been accused of illegal export of seized iron ores from Belekeri port. The Reddy brothers of Bellary and Karnataka tourism...
  • Register FIR in K'taka illegal iron ore exports: SC September 7, 2012

    New Delhi: The Supreme Court on Friday directed registration of FIR into the illegal export of iron ore from Karnataka. It also asked the Central Bureau of Investigation (CBI) to submit a status report into the illegal exports within six weeks. A Supreme Courtappointed committee on illegal mining in Karnataka its...
  • SC order will revive steel industry: K'taka industries September 5, 2012

    Bangalore: The Supreme Court order lifting ban partially on mining operations in Karnataka would revive the iron ore production and provide relief to over 10,000 workers who were rendered jobless due to the restrictions, industry has said. The move may not pave the way for iron...
  • Mining operations in K'taka likely to resume today September 4, 2012

    New Delhi: Mining operations in Karnataka are likely to resume from on Tuesday, a senior state government official said. Partially lifting its ban on mining operations in Karnataka ordered more than a year back, the Supreme Court on Monday gave its green signal for extraction of iron ores on 18...