-IANS The move to not extend non-captive mining lease will impact 334 mines belonging to cos like Tata & Vedanta. NEW DELHI: In a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50-year period in March, 2020. The move will impact about 334 mines belonging to companies such as Tata Steel, Vedanta Limited, Essel Mining, V.M....
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Merchandise exports affected by global slowdown but not export of services
Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
More »For Adivasis in Maharashtra's Gadchiroli, mining has brought increased militarisation and violence -Raksha Kumar
-Scroll.in They complain that the state treats ordinary villagers opposing mining in the Surjagarh forest no different than it does the Maoists. Nestled deep in the Surjagarh forest of Maharashtra’s Gadchiroli district, Gatta seems a serene village. Most people grow their rice, sell tendu leaves, celebrate with mahua and enjoy the lush overgrowth around them. But a closer look throws up a different picture. Reaching Gatta from Allapally, the nearest town in...
More »Goa's Iron Ore reserves may exhaust within ten years, opine expert
-PTI Being a strategic mineral resource, indigenous production can save the much-needed foreign exchange, in which laterites can play a significant role, like bauxite, which is mined from south Goa. Panaji (Goa): Iron Ore reserves in Goa may exhaust in another 10 years and if there are too many companies involved in mining and the pace of excavation is high, the stocks may not even last for five years, an expert said...
More »National Mineral Policy Review - A Golden Chance for Change -Rahul Basu
-TheWire.in While illegal mining is worrying, what is little understood is the enormous loot that is taking place legally. Mineral owners sometimes receive less than 5% of the value of minerals. The three Iron Ore scams in Karnataka, Goa and Odisha have some things in common. There were widespread and diverse breaches of the constitution, laws, rules and regulations. The environment was badly damaged. The minerals were being exhausted. Enormous corruption was...
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