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...

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....

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...

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...

Vedanta, Posco and Sindhudurg. The issue is the same — the need for a well-thought-out policy relating to extractive and resource-based industry. The government’s withdrawal of mining permission to Vedanta on the Niyamgiri hills in Orissa’s backward Kalahandi district; the divided verdict by the Gupta Committee on the Posco iron ore project; and the environment ministry’s concern on 49 mining licences issued by the Maharashtra government for bauxite and iron...