Alternative Global Forum for Life, Environmental and Social Justice gets under way in CancunVery different from the Arctic temperatures at Moon Palace, where the United Nations climate change conference is under way, a large open-air gymnasium and basketball court is the venue for the alternative Global Forum for Life, Environmental and Social Justice, which began here on Saturday.Protests plannedLed by Via Campesina, or the International Peasant Movement, farmers have been...
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Mining industry unhappy over profit-sharing clause
The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn’t gone down well with the industry.Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.Hemant Nerurkar, managing director, Tata Steel, said: “I don’t think that is the way forward. Look at the world: no...
More »Mining firms must share 26% profits: GoM by Prasad Nichenametla
Despite objections from the coal ministry and concerns of the Planning Commission, a GoM under finance minister Pranab Mukherjee - discussing the new Mines and Mineral (regulation and development) Act 2010 - approved the proposal of sharing 26% net annual profits from the mining activity with displaced locals. The Bill replacing a 53-year-old law can be introduced in the ongoing session, minister for mines BK Handique said after the GoM meet...
More »Tribals win share of mineral wealth by SPS Pannu
Faced with a massive public outcry and fierce opposition from tribals, the government has, in a landmark move, decided to give tribals and other affected populations a share of the profits made from exploiting mineral resources from their land. The Group of Ministers (GoM) headed by finance minister Pranab Mukherjee on Friday finalised the contours of the draft for a new mining bill, which makes it mandatory for mining companies to...
More »Dow-Reliance venture was approved despite concerns by Mahim Pratap Singh
While survivors of the Bhopal gas leak disaster have been demanding that Dow Chemical, the current owner of the Union Carbide Corporation, be held liable for the clean-up of the disaster site, the Ministry of Commerce and Industry granted approval to a project involving Reliance Petroleum Ltd and Dow Global even after apprehensions were expressed by the Ministry of Chemicals and Fertilizers. It now appears that the approval, granted shortly...
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