Page 2 - Iron Ore Mines
Karnataka to auction iron ore mines if NMDC not willing for 80% premium
PR Tripathi, former CMD of NMDC says the imposition of 'heavy' premium on a public sector undertaking is not tenable as per law
 "Karnataka to auction iron ore mines if NMDC not willing for 80% premium")
Cheaper imports to deliver future shocks to merchant miners
Domestic iron ore producers are feeling the pinch of a rising preference for captive mining among steelmakers and competition from cheap imports
 "Cheaper imports to deliver future shocks to merchant miners")
Non-payment of fines to shut off 20 mn tonne iron ore capacity in Odisha
Failure to pay the Supreme Court ordered penalties by mine owners has led to the shutdown of seven working iron ore mines in Odisha. The closure of operational leases is set to knock of 20 million tonnes (mt) of annual iron ore capacity in the state.Odisha is the biggest producer of iron ore in the country. The state produced in excess of 100 mt in last fiscal and has approved environment clearance (EC) to churn out 180 mt in 2017-18.The deadline for paying compensation for overproduction of iron and manganese ore as per the August 2 Supreme Court judgment was December 31. Serajuddin & Company, Mesco Steel and state run Industrial Development Corporation of Odisha Ltd (IDCOL) are among the key working mines that failed to meet the apex court mandated deadline for penalty payments. The three companies operated their leases in Keonjhar's Joda circle.While Serajuddin was burdened with Rs 748 crore penalty, Mesco Steel was slapped with a demand notice to pay Rs 924.75 crore as ...
 "Non-payment of fines to shut off 20 mn tonne iron ore capacity in Odisha")
