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Jul 19, 2019· India is broadly self-sufficient in iron ore, as indicated in the second graph above, which shows that imports are minor compared with exports. However, this situation is likely to change, at least temporarily, owing to the iron ore mine auctions for the renewal of mining leases in 2020 in the key producing state of Odisha.

However, the public sector mining behemoth NMDC Limited, which has been in the business of mining iron ore for 61 years, is facing a threat of losing its leases in Karnataka and Chhattisgarh.

Jan 14, 2018· • The existing ceiling of 5 mmt fixed for 'A' & 'B' mining leases for districts Tumkur and Chitradurga has been enhanced by 2 mmt to 7 mmt ... Iron ore mining in Karnataka: Challenges ...

Aug 20, 2019· Karnataka govt withdraws approval to extend mining lease for Donimalai iron ore mine: NMDC "The company has also requested the Government of Karnataka to withdraw its letter dated 17.08.2019/keep it in abeyance," the filing said.

The Karnataka government is now readying its strategy to mount a fight back for asserting its authority to award lease on its terms for Donimalai. The mine is located in the iron ore-rich Bellari district, where the Reddy brothers, who have had the blessings of some senior BJP leaders, have had a dominating presence for a long time.

Mining entities in Karnataka are expecting iron ore prices to fall as supply from NMDC's Donimalai mines is likely to restart. Also, lesser offtake due to a decline in demand for the steel sector.

New Delhi: The Karnataka government on Friday warned NMDC Ltd that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay an additional levy on the sale of ...

Jan 03, 2014· The ban on iron ore mining and exports in top producing states of Karnataka and Goa have choked the industry so hard that MMTC is one of many firms exiting.

With NMDC set to restart mining at Donimalai in Bellari district of Karnataka, iron ore supply is bound to increase and bring down prices particularly when many sponge iron and pellet ...

Bengaluru: Iron ore reserves in Karnataka, where illegal mining was rampant eight years ago, seem to have depleted considerably. Of the 51 cancelled 'C' category mines, now only 12 are found ...

The leases for iron ore mining had been categorised by the court-appointed central empowered committee as 'A', 'B' and 'C', based on the level of alleged illegalities. Of the 166 mining leases where operations were banned in 2011, the court suspended the leases for seven category 'B' mines on the Andhra Pradesh-Karnataka border. See also

Jun 06, 2019· New Delhi, Jun 6 Fresh auction of iron mines must be conducted to provide a level-playing field between captive and merchant miners, a Karnataka-based steel and iron ore .

Karnataka to permit mining more iron ore soon Bangalore: Karnataka will hasten the process of issuing leases to mine iron ore in the mineral-rich districts to improve the raw material supply to ...

Mar 09, 2019· Find Iron Ore Mines Latest News, Videos & Pictures on Iron Ore Mines and see latest updates, news, information from NDTV.COM. Explore more on Iron Ore Mines. ... the Karnataka government handed ...

Aug 20, 2019· New Delhi, Aug 20 (PTI) State-owned NMDC on Tuesday said the Karnataka government has withdrawn the approval accorded to the firm to extend mining lease period for the Donimalai iron ore mine.

Oct 16, 2019· Mining companies in Karnataka are expecting iron ore prices to fall as supply from NMDC's Donimalai mines is likely to restart. Lesser offtake of steel due to a decline in demand is another reason being cited for the fall in iron ore prices, reports Business Standard. To ensure seamless renewal of mining leases allocated to the government companies, the Union [.]

Sep 25, 2019· The auction will involve 329 non-captive leases, of which 48 are working mines. An estimated 2.64 lakh jobs are involved. The decision, at this juncture, of the Ministry of Mines to allow Steel Authority of India Ltd to sell 25% of its high grade captive iron ore production is quite significant.

Aug 23, 2019· KOLKATA: The mines tribunal's order clamping a stay on the recent Karnataka government decision to withdraw approval for extension of mining lease of NMDC Limited's 7 million tonne Donimalai iron ore mine and put it up for auction is likely to provide the state-run miner a temporary reprieve.

E-auction of Iron ore in Karnataka Supreme Court (SC) vide its order 2nd September 2011 has appointed Central Empowered Committee (CEC) to oversee E-auction of Iron ore from Karnataka. CEC in turn has formed a Monitoring Committee to carry out the order of SC.

Apr 11, 2019· Traditionally, only public sector companies in India were given mining licences. But in recent years, private players were allowed to mine as demand for minerals grew. A company could obtain a lease from the State after obtaining statutory permits...

R.K. Bansal, additional secretary general at industry lobby Federation of Indian Mineral Industries (FIMI), said demand for iron ore from the mines in Karnataka is in the range of 30-35 mtpa ...

The leases for iron ore mining had been categorised by the court-appointed central empowered committee as 'A', 'B' and 'C', based on the level of alleged illegalities. Of the 166 mining leases where operations were banned in 2011, the court suspended the leases for seven category 'B' mines on the Andhra Pradesh-Karnataka border.

Aug 25, 2019· The Karnataka government has deferred the auction of the Donimalai iron ore mine.The development comes soon after the Centre's Mines Tribunal kept in abeyance the cancellation of mining lease .

The 16 mines have an approved capacity to produce 79 million tonne of iron ore per annum. Delay in auction of these mines before the lapse of leases will create iron ore shortfall of about 60 ...
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