-Down to Earth The water requirement for the Bunder mine and ore processing plant is about 5.9 million cubic meters in a year The proposed diamond mine in the Buxwaha protected forest region in Chhatarpur district of Madhya Pradesh may have a greater ecological impact on the region than projected so far. The project threatens to further deplete the already scarce water reserve of the drought-prone Bundelkhand region to excavate about five million...
More »SEARCH RESULT
Tata, Vedanta mining lease ends in March; Govt for fresh auctions
-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....
More »One Month Later, Misgivings Abound About How New India's Updated Mineral Policy Will Be -Anuj Srivas
-TheWire.in The K.R. Rao committee has only recently taken on board the views of civil society stakeholders, raising questions as to whether illegal mining and environmental issues will be properly addressed. New Delhi: A government committee in charge of revamping India’s 2008 mineral policy has belatedly agreed to rectify its industry-skewed composition by roping in several civil society stakeholders as ad-hoc members. However, according to multiple industry and environmental experts, it is unclear...
More »SC Imposes 100% Penalty on Odisha's Illegal Mining -Jayajit Dash
-TheWire.in Mining companies on the hook include Tata Steel, Essel Mining & Industries Ltd, Indrani Patnaik, Rungta Mines, Serajuddin & Company and even state-run entities like Odisha Mining Corporation. Bhubaneswar: Dealing a body blow to the mining companies that unlawfully raised huge quantities of iron ore and manganese ore, the Supreme Court on Wednesday called for the recovery of 100% compensation in lieu of the excess ore lifted. Disposing of a writ petition...
More »CAG flags tax breaks for companies
-The Hindu Report tabled in Parliament says Reliance gained Rs. 5,245 crore from the exemption. The Comptroller and Auditor-General (CAG) has castigated the Income-Tax Department for extending tax exemption amounting to hundreds of crores to several companies by inappropriately extending benefits available for infrastructure projects. In a report tabled in Parliament on Tuesday, the CAG said the biggest beneficiary was Reliance Industries Ltd. (RIL). “We noticed in eight cases in two States that the...
More »