02.12.2019· Aggressive bidding derails Odisha's iron ore auctions The decision was taken after Adani group and ArcelorMittal, who participated in the first of two rounds of auctions, complained against JSW's decision to bid for the largest block through half a dozen subsidiaries. Senior officials of Naveen Patnaik's government spent the weekend holding ...
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Balda Block Iron Mines of M/s. Serajuddin&Co, is operating a mining lease over an extent of 335.594 Ha for iron ore in Balda, Kalimati and Nayagarh under Bamebari P.S. of Keonjhar District, Orissa. The mine is in continuous operations since 1962 by M/s. Serajuddin& Co for iron ore to cater the raw material in indigenous Iron & steel industries ...
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To curb illegal mining, the Supreme Court in May last year had asked Orissa government to stop operations in 26 iron ore and manganese mines. Orissa's mining industry got something to cheer about on Saturday when an inter-departmental committee headed by an additional chief secretary-ranked officer recommended to the state government the reopening of 26 closed mines under the provisions …
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Mining Supreme Court provides breather for iron ore miners in Odisha. Asks Odisha government to consider re-commencement of mining leases, following amendments to the MMDR Act . NEXT NEWS By Srestha Banerjee Last Updated: Thursday 07 April 2016 . The Supreme Court this week has given a breather to iron ore mine leases in Odisha that were under suspension for the past two years. In a …
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The government has deferred the auction of two iron ore mines having reserves of 93.87 million tonnes in Odisha, according to a Mines Ministry report. The government has not given any reason for ...
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Ear to the ground How a contractor from Tamil Nadu carved out an enormous mining empire in Odisha The turnover of the mining contract company owned by …
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Biznext bureau. Bhubaneswar: With as many as 31 mining leases are expiring on 31 st March 2020, the Odisha government has already initiated efforts to get these mines ready for auction. The State Steel and Mines department has asked Mining Lease Holders of these mines to …
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Orissa on Monday allowed six iron ore mines to resume operations after their operators submitted documents to show that their mining activities were legal, an official said.
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02.12.2019· Aggressive bidding derails Odisha's iron ore auctions The decision was taken after Adani group and ArcelorMittal, who participated in the first of two rounds of auctions, complained against JSW's decision to bid for the largest block through half a dozen subsidiaries.
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Setting aside fear of iron ore shortage following lapse of mining lease of certain companies, Odisha government on Friday said it has readied at least 36 mines for auction.
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About Orissa Minerals Development Company Limited (OMDC) The Orissa Minerals Development Company Limited (OMDC) was incorporated on 16th August, 1918 .It was Nationalized by the Government of India by virtue of the & Company Ltd (Acquisition and Transfer of undertaking and other properties) Act, 1980(Act No: 67 of 1980) in the year 1980.It became a Schedule-B PSU w.e.f …
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In its capacity as the new lessor, the rent and royalty, etc. in respect of mining and minerals irrespective of the date on which the lease was granted were to be paid by all categories of lessees to the State of Bihar according to the rates given in the rules framed under Bihar Act referred to above. A demand was made according to these rules which became the subject matter of controversy.
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The mines ministry stated that though the leases expire on March 31, 2020, it would be appropriate for the states to start the process of auctioning the mines by July 1, 2019 as it will give the ...
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For over a month,the state steel and mines department has been cracking down on several miners,deciding to cancel the leases of the mines that were renewed before December 20,1999 without prior approval of Centre. While it has clearly said that no new mining leases for iron ore,manganese,bauxite and chromite would be given to private miners,the department has brought …
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Leaseback: A leaseback is an arrangement where the seller of an asset leases back the same asset from the purchaser. In a leaseback arrangement, the specifics of the arrangement are made ...
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In a strong and punitive judgement, the Supreme Court (SC) has come down heavily on the mining companies that have been illegally extracting iron and manganese ore in Odisha in the past. Due to various illegalities, these mine leases have been earlier suspended by the apex court. A two-judge bench of Justice Madan B Lokur and Justice Deepak Gupta has directed the state government to recover ...
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NEW DELHI: The government has deferred the auction of two iron ore mines having reserves of 93.87 million tonnes in Odisha, according to a Mines Ministry report. The government has not given any reason for deferring the auction of the mines. While the Chandiposhi iron ore block in Sundergarh, Odisha, has reserves of 47.07 million tonnes (MT), the Purheibahal block has reserves of 46.80 MT, the ...
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interim stay on iron ore mining in Odisha: Latest News ... 2019-8-30 Iron ore supply to steel makers to be disrupted after mining leases expire: FIMI 8 Nov, 2019, 04.04PM IST. With the mining leases of 329 private mines slated to expire on March 31, apex mineral body FIMI believes that iron ore, a raw material used in steel-making, will be the worst hit from the move. JSPL cites iron ore ...
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The Mining industry in India is a major economic activity which contributes significantly to the economy of India.The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. Even mining done on small scale contributes 6% to the entire cost of mineral production.
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The Odisha administration has set in motion the process to organise auctions for mining leases for as many as 24 iron ore mines. The leases in those cases, allotted on nomination basis, would ...
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