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In the state of Odisha, 17 leases for noncaptive iron ore mines are set to expire on March 31, 2020, based on 2015 amendments to Indias Mines and Minerals Development and Regulation Act. The leases for these mines, which produce some 60 million tonnes per year out of Odishas total annual production of 107 million tonnes 2018 will not
In July 2019 Peak Iron Mines finalised a transaction to acquire the Peculiar Knob and Hawks Nest iron ore properties from the administrators of Arrium Limited Peculiar Knob is a mothballed DSO hematite mine situated on an active mining lease which hosts a remaining 6.8 Mt 62.85 Fe, 8.97 Silica, 0.25 Alumina and 0.016 Phosphorous.
Auction of working mines in Odisha kicked off today with JSW Steel emerging as the highest bidder for the massive Nuagaon iron ore block with a bid of 95.2 per cent. This is the first of 19 iron ore mines that are up for grabs before their leases expire on 31 March 2020 Bidding for the block, larger than all the rest of them put together, started with a floor price of 89.4 per cent of sale price.
Odisha, home to more than half the countrys iron ore production, is inviting bids for 50year mining rights to twenty mines in two phases. These are among the more than 300 mines lapsing on 31 March 2020 as India transitions to a strict regime of auctions for mining licenses.
New Delhi, May 6 IANS The mineralrich Chhattisgarh is highly upset with Indias largest iron ore miner in public sector NMDC Ltd, and the state government is planning to scrap its mining lease.
The mining industry is apprehending a 34mayhem34 when the leases of 31 noncaptive iron ore mines will expire on March 31. The fear is that production will not resume immediately, and it would affect the supply of almost 70 million tonnes of the mineral, which is the key input for making steel.
The mining industry of Sierra Leone accounted for 4.5 percent of the country39s GDP in 2007 and minerals made up 79 percent of total export revenue with diamonds accounting for 46 percent of export revenue in 2008. The main minerals mined in Sierra Leone are diamonds, rutile, bauxite, gold, iron and limonite.. Mining in Sierra Leone has been seen as one of the key factors for instability in the
The top court, also allowed Ms Mideast Integrated Steels Ltd, which was granted a mining lease for over 104.68 hectares of Roida I iron ore mines in village Tinto Barbil near Keonjhar, Odisha, valid till March 31, 2020 to sell the iron ore already mined and stacked by it before January 1, 2018.
On the basis of the outcome of that hearing, lease of 10 iron ore mines so far have been cancelled, while the process for cancellation of two others have also been initiated, said Mining
Mining scam in India colloquially Indian mining scam refers to a series of alleged widespread scams in various orerich states of India, which has generated issues span encroachment of forest areas, underpayment of government royalties, conflict with tribals regarding landrights citation needed.The spillover of the effects of legal mining into issues such as Naxalism and
Government of Jharkhand has identified an iron ore block for the purpose of grant of mining lease in District, Jharkhand, through electronic auction and hereby invites bids in digital format only, from eligible bidders. Terms and conditions, deadlines etc. for participating in the electronic auction are provided in the Tender Document.
SC allows mining company to transport validly mined iron ore in Goa 30 Jan, 2020, 01.29 PM IST. In a major relief to mining firms, the apex court modified its earlier order and permitted transportation of already mined iron ore lying unused at various sites in the state.
Read more about Lease expiry to create 66 mn tonne iron ore deficit in Odisha after 2020 on Business Standard. The lapsing of validity of 16 merchant mines in Odisha by March 31, 2020 is set to create a deficit of 66 million tonne mt of iron ore. Steel mills and other end use industries operating without captive ore sources are likely to be hit hard as no
TaconiteIron Ore. Background Most of the leases are for the mining of taconite, a lower grade iron ore. Historically, the State of Minnesota has been leasing its iron ore and taconite resources since the 1890s. All leases must be approved by the State Executive Council.. Statutes The leasing of stateowned lands and interests in lands for govern the leasing for iron ore and taconite mining
I. First grant and renewal of mining lease The Ruling Chief of the State of Keonjhar had granted a mining lease comprising of 2590.40acres in Block A and another mining lease of 2340.20 acres in lock B for manganese and iron ore onB 01.08.1934 in favour of one hri Babu HiralalS Sarada for a period of 30 years.
The merchant mining leases for the ones with 5070 million tonne per annum production accounting for 2535 percent of the total iron ore output are set to expire in March 2020, which will put
The Chhattisgarh government has extended leases of stateowned NMDC39s four mines in the state, to avoid interruptions in iron ore supply to the steel sector. As the result of the move, operations of the country39s largest iron ore miner NMDC will not be affected in the state and the company will be able to supply raw material to steel makers.
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