The Supreme Court has refused to stay for now an Orissa High Court judgment cancelling the state government’s clearance to Posco for a licence to scout for and mine iron ore. The high court order had come on a petition by a Bhubaneswar firm that claimed the state’s decision was “illegal” and “irrational” as the South Korean giant had been cleared out of turn. The licence would have allowed Posco to explore...
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Future of mining in India by Rajiv Kumar
There is clearly a direct trade-off between exploitation of natural resources and conservation of environment and human habitat . In the past, due to lower environment consciousness, the trade-off was always decided in favour of exploitation. This is deplorable. Yet, environmental fundamentalism can also exact a high cost that will prevent a number of people to remain without access to basic necessities of life. This apparently intractable trade-off has to be resolved....
More »Miners may have to pay for the project-hit from day 1 by Subhash Narayan
Mining companies will have to start paying compensation to project-affected people right from the day a mining block is allocated to them and not when they start generating profits, a proposal that will further sweeten the deal for those who lose their land to industrialisation, but stoke more protest from miners. Once the project starts making profits, the displaced families will be provided an annuity income from the net income, but...
More »Orissa moves SC, challenges HC decision on Posco mining issue by Indu Bhan
The Orissa government on Friday moved the Supreme Court challenging the Orissa High Court order that quashed its decision to permit South Korean steel major Posco to mine iron ore in Sundergarh district of the state. The matter is likely to come up for hearing in November end. The state government had recommended the grant of prospecting licence (PL) to Posco India for the Khandadhar mines for its 12-million-tonne steel plant...
More »Orissa Government to move SC over Khandadhar mines on Oct 29
The state government is likely to file a special leave petition (SLP) in the Supreme Court on October 29 Challenging the judgement of the Orissa High Court to set aside recommendation of prospecting license (PL) in favour of Posco . As per section 11 (5) of Mining and Minerals Development and Regulation (MMDR) Act, the state government will urge the Apex court to lease out Khandadhar mines on the basis of...
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