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K'taka to auction iron ore mines if NMDC not willing for 80% premium ... The Karnataka cabinet has approved the mining lease of Donimalai till November 2038, on payment of 80 per cent of the average sale value as published by Indian Bureau of Mines, Kataria said.
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The Minister pointed out that Karnataka's ironore mining sector has been skewed by several restrictions. On the production side, the Supreme Court had imposed a production ceiling of 30million tons a year for all mines in the state and the sale of mines had been restricted to eauctions only, while the free merchant sale by miners at negotiated prices was also prohibited.
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The Minister pointed out that Karnataka's ironore mining sector has been skewed by several restrictions. ... Restricting the sale of mines to competitive bidding only had resulted in large ...
JSW Steel intends to bid for 16 iron ore mines in Karnataka's impending auctions based on the deposits found. The Supreme Court has directed the government of Karnataka to auction all mines in category C, where most illegal mining happened, to 'endusers' of the commodity, by end of .
Aug 25, 2015· India will auction about 20 major iron ore mines this year in its first such sale ever, a top government official said, as it looks to revive its corruptiontainted mining industry.
It also asked the Karnataka government for an alternate system for Karnataka iron ore sale. FIMI had said the eauction process for selling iron ore in the state should be stopped now as it was ...
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This list of mines in India is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list. In India, the underground mine to surface mine ratio is 20:80 [citation needed
More clarity on these issuesand the restart of other mines in the state is expected in a court hearinglater Friday. The restart of iron ore mining in Karnataka is not seen to .
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"The status of Karnataka iron ore is unique with the Supreme Court capping the annual production and restricting the sale among endusers only through eauction, the letter dater November 19 said.
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Iron Ore. Energy trader Mercuria to grow iron ore business with mine stake ... Vedanta Ltd today said its mines in Goa will be impacted following the Supreme Court judgement to cancel the second renewal of 88 iron ore mining leases in the state. ... focus on hydro / Shell completes sale of New Zealand entities to OMV for 578 million ...
BHUBANESWAR: Despite a strong demand for iron ore, Karnataka is facing a glut at mine sites as more and more producers were opting to procure ore from outside the state. Stalled eauctions and ...
Iron and Steel Industry Karnataka Karnatakas Iron and . Karnataka has 24 mines of iron ore under the private sector. There are 2 mining leases in the public sector. The state is also rich in other mineral deposits needed for the iron and steel industry. More Details.
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Beside this block, four more iron ore mines in Karnataka were auctioned in September, the steel ministry said in another document. ... 11 manganese ore, 8 copper, 6 iron ore, 6 graphite, 3 zinc, 2 emerald, 2 gold, 1 iron ore manganese, 1 dolomite/limestone and 1 copper ore.
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