Monday, 8 April 2024. Stocks. Mutual Funds
WhatsApp: +86 18221755073Goa has removed a two-year ban on iron ore mining and expects mines could be back up and running by March or April
WhatsApp: +86 18221755073Wednesday, 29 March 2023. Stocks. Mutual Funds
WhatsApp: +86 18221755073London-listed diversified miner Vedanta Resources (LON:VED) announced today a significant drop in its full-year iron ore output, attributed to both a mining ban in India's southern state of ...
WhatsApp: +86 18221755073MPA briefly became the leading iron ore exporting port in India, with about 54.50 million metric tonnes (MMT) of iron ore traffic in 2010–11 (about 90% of this was exported to China). [23] Subsequently, the port's cargo volume dropped to 39 MMT in 2011-12, with iron ore accounting for 29.21 MMT, due to a global reduction in demand for iron ore.
WhatsApp: +86 18221755073Mining in Goa has been hit hard by a two-year ban and a 30% tax on exports
WhatsApp: +86 18221755073Mining in Goa attracts a 10% export duty on below 58% Fe grade iron ore, a 15% royalty paid to the state, a 5-15% levy in the form of a district mineral foundation tax and a 10% levy on the export ...
WhatsApp: +86 18221755073India's top court in November had allowed sales of mined ore in Goa, while continuing the ban on extraction because of environmental concerns. Goa was the nation's biggest iron ore exporter ...
WhatsApp: +86 18221755073Move raises the prospect of more shipments which could cool prices that were at 15-month highs
WhatsApp: +86 18221755073Adding to an ever-increasing global oversupply of iron ore from Australia and Brazil, India's top ore exporting state of Goa resumed production …
WhatsApp: +86 18221755073It had also recommended setting up of a mining corporation or a public sector company in view of the "illegalities" by private miners. Saying that it was not "desirable" to start fresh extraction of iron ore as there was a "large-scale degradation" of the eco-system in Goa by mining and that the restoration needs timely monitoring, the panel had recommended creating …
WhatsApp: +86 18221755073The bans in Karnataka and Goa have already slashed India's exports of iron ore by about 85% in the past two years ... the mining ban, levied in 2011, was lifted by the Supreme Court in April ...
WhatsApp: +86 18221755073Annual iron ore production has been capped at 20 million tonnes in Goa. India's mining bans significantly changed the face of the seaborne iron ore market, drying up exports …
WhatsApp: +86 18221755073CBI raids in Karnataka, Goa over illlegal iron ore export CBI is probing charges that ore exported from Karnataka were obtained from illegal mining in Bellary Shamsheer Yousaf shamsheer.y@livemint
WhatsApp: +86 18221755073Interim cap on mining will reduce output and contribution to the iron ore fund will hurt profits
WhatsApp: +86 18221755073India's campaign to end illegal mining—which authorities say has cost Goa and Karnataka states around ₹ 51.000 crore in lost revenue in the last decade—has cut its iron ore output by more ...
WhatsApp: +86 18221755073Check out for the latest news on goa iron ore mining ban along with goa iron ore mining ban live news at Times of India
WhatsApp: +86 18221755073Friday, 14 June 2024. Stocks. Mutual Funds
WhatsApp: +86 18221755073With exports in major producing states Goa and Karnataka still banned amid a crackdown on illegal mining, volumes from India, previously the world's third largest shipper of iron ore, could ...
WhatsApp: +86 18221755073India's iron ore output surged 27% to 154.48 million tonnes during April-January of this fiscal following lifting of the mining ban. It stood at 122 mt in the same period of 2015-16
WhatsApp: +86 18221755073India's Supreme Court has lifted a ban on iron ore mining in the western state of Goa, but limited extraction to 20m tonnes a year. The miners …
WhatsApp: +86 18221755073Because of the ban on both iron ore exports and mining in Karnataka, the state government has lost Rs4,000 crore ($720 million) in potential revenue and more than 150,000 people have lost their ...
WhatsApp: +86 18221755073NEW DELHI: The Supreme Court today quashed the second renewal of iron ore mining leases given to 88 companies in Goa in 2015. The apex court directed the Centre and the Goa government to grant fresh …
WhatsApp: +86 18221755073Tuesday, 30 April 2024. Stocks. Mutual Funds
WhatsApp: +86 18221755073Nearly one-and-a-half years after it banned mining in Goa, the Supreme Court on Monday allowed an annual cap of 20 million tonnes of iron ore extraction in the state. The final capacity that will ...
WhatsApp: +86 18221755073Its miners were banned from producing and transporting iron in October 2012, after a government-backed inquiry into illegal iron ore mining in the state. Goa's ban on iron ore mining followed a ruling in the state of Karnataka preventing miners from producing iron ore there. Annual iron ore production has been capped at 20 million tonnes in Goa.
WhatsApp: +86 18221755073Mormugao port on India's west coast has been hit by the ban on iron ore mining in Goa with some 2,600 employees and about 4,000 pensioners facing an uncertain future, Live Mint reports. "Our financial position position is very precarious," said deputy chairman Biplav Kumar. "We are currently earning about Rs.10 crore per month without ...
WhatsApp: +86 18221755073The bid was placed because the JSW had been expecting a hit to supplies from Odisha ahead of a Supreme Court order on mining in the state
WhatsApp: +86 18221755073India may ship in 45 million tonnes of iron ore over the next three years as domestic output falls short of steel production needs
WhatsApp: +86 18221755073