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LATEST NEWS UPDATES | Catastrophic Failure of Public Trust in Mining: Case Study of Goa -Rahul Basu

Catastrophic Failure of Public Trust in Mining: Case Study of Goa -Rahul Basu

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published Published on Sep 21, 2015   modified Modified on Sep 21, 2015
-Economic and Political Weekly

Minerals are a commons, held by state governments in public trust for the people, especially for future generations. With mining, states dispose of minerals for money, and have so far lost more than half their value. As this study shows, over the last eight years of iron ore mining in Goa, each family of four in the state has lost the equivalent of Rs 13.51 lakh, while the average Goan private household's assets are estimated to be Rs 10.44 lakh. This is catastrophic.

Rahul Basu (rahulbasu1@gmail.com) is a member of Goa Foundation. and the CEO and founder of Ajadé.

Please click here to access the article.


Economic and Political Weekly, Vol-L, No. 38, September 19, 2015, http://www.epw.in/special-articles/catastrophic-failure-public-trust-mining.html


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