Adding to an ever-increasing global oversupply of iron ore from Australia and Brazil, India's top ore exporting state of Goa resumed production on Monday, led by Vedanta Resources (LON:VED ...
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Interim cap on mining will reduce output and contribution to the iron ore fund will hurt profits
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A file photo of iron ore being loaded on a barge in Goa. The project is a relief for Mormugao port after a ban on iron ore mining in Goa crimped export of the commodity through the port since ...
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Nearly one-and-a-half years after it banned mining in Goa, the Supreme Court on Monday allowed an annual cap of 20 million tonnes of iron ore extraction in the state. The final capacity that will ...
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India's top court in November had allowed sales of mined ore in Goa, while continuing the ban on extraction because of environmental concerns. Goa was the nation's biggest iron ore exporter ...
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Sical Iron Ore Terminals is a joint venture firm formed by Sical Logistics Ltd and state-run commodity trader MMTC Ltd to develop and operate the new iron ore terminal at Ennore port in Tamil Nadu ...
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Wednesday, 15 March 2023. Stocks. Mutual Funds
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Its miners were banned from producing and transporting iron in October 2012, after a government-backed inquiry into illegal iron ore mining in the state. Goa's ban on iron ore mining followed a ruling in the state of Karnataka preventing miners from producing iron ore there. Annual iron ore production has been capped at 20 million tonnes in Goa.
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The bans in Karnataka and Goa have already slashed India's exports of iron ore by about 85% in the past two years ... the mining ban, levied in 2011, was lifted by the Supreme Court in April ...
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Goa is India's third-largest iron ore mining state and produced about 45-47mt of the mineral prior to 2012, when the Supreme Court upheld a ban imposed by the state government after activists ...
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Activists have been campaigning for a ban on iron ore mining in the state on environmental grounds. The Supreme Court has quashed all iron ore mining permits in Goa …
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India's top iron ore port hit by Goa mining ban. Mormugao port on India's west coast has been hit by the ban on iron ore mining in Goa with some 2,600 employees and about 4,000 pensioners facing an uncertain future, Live Mint reports. "Our financial position position is very precarious," said deputy chairman Biplav Kumar.
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India's campaign to end illegal mining—which authorities say has cost Goa and Karnataka states around ₹ 51.000 crore in lost revenue in the last decade—has cut its iron ore output by more ...
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The ban on production of iron ore in Goa and Karnataka had hit India's exports of the key steel-making ingredient. ... India lifts iron ore mining ban in Goa, caps annual output (Reuters) India's Supreme Court lifted a 19-month …
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Mining in Goa attracts a 10% export duty on below 58% Fe grade iron ore, a 15% royalty paid to the state, a 5-15% levy in the form of a district mineral foundation tax and a 10% levy on the export ...
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India may ship in 45 million tonnes of iron ore over the next three years as domestic output falls short of steel production needs
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Wednesday, 29 March 2023. Stocks. Mutual Funds
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Because of the ban on both iron ore exports and mining in Karnataka, the state government has lost Rs4,000 crore ($720 million) in potential revenue and more than 150,000 people have lost their ...
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CBI raids in Karnataka, Goa over illlegal iron ore export CBI is probing charges that ore exported from Karnataka were obtained from illegal mining in Bellary Shamsheer Yousaf shamsheer.y@livemint
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India's iron ore output surged 27% to 154.48 million tonnes during April-January of this fiscal following lifting of the mining ban. It stood at 122 mt in the same period of 2015-16
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Goa has removed a two-year ban on iron ore mining and expects mines could be back up and running by March or April
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Mining commences from 10 August as the firm has been granted approval for total extraction of 5.5 million tonnes, of which Codli mine will account for 3.1 million tonnes
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Mining-in-goa News: Get the latest Mining-in-goa news, photos, videos, and podcasts. Explore more for Mining-in-goa breaking news, opinions, special reports, and more on mint.
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Mormugao port on India's west coast has been hit by the ban on iron ore mining in Goa with some 2,600 employees and about 4,000 pensioners facing an uncertain future, Live Mint reports. "Our financial position position is very precarious," said deputy chairman Biplav Kumar. "We are currently earning about Rs.10 crore per month without ...
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From villagers to the indusry, everyone is waiting for resumption of iron ore mining even as Goa government grapples with policy paralysis. In less than 100 days, in February 2021, it will be three years since India's apex court …
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Friday, 14 June 2024. Stocks. Mutual Funds
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add_main_image Sesa Goa Ltd 's iron-ore production declined after the mining ban in Karnataka. It got worse after the company's mines in Goa, too, were shut and, as a result, no iron ore was ...
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Iron ore shipments from Australia's top terminal reached a record in 2024, even as top customer China has been in the throes of a steel output slowdown.
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Tuesday, 30 April 2024. Stocks. Mutual Funds
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It had also recommended setting up of a mining corporation or a public sector company in view of the "illegalities" by private miners. Saying that it was not "desirable" to start fresh extraction of iron ore as there was a "large-scale degradation" of the eco-system in Goa by mining and that the restoration needs timely monitoring, the panel had recommended creating …
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Move raises the prospect of more shipments which could cool prices that were at 15-month highs
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India's Supreme Court has lifted a ban on iron ore mining in the western state of Goa, but limited extraction to 20m tonnes a year. The miners …
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London-listed diversified miner Vedanta Resources (LON:VED) announced today a significant drop in its full-year iron ore output, attributed to both a mining ban in India's southern state of ...
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Annual iron ore production has been capped at 20 million tonnes in Goa. India's mining bans significantly changed the face of the seaborne iron ore market, drying up exports …
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MPA briefly became the leading iron ore exporting port in India, with about 54.50 million metric tonnes (MMT) of iron ore traffic in 2010–11 (about 90% of this was exported to China). [23] Subsequently, the port's cargo volume dropped to 39 MMT in 2011-12, with iron ore accounting for 29.21 MMT, due to a global reduction in demand for iron ore.
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