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EAC to examine reports on 139 ECs for mines in Goa

The expert appraisal committee (EAC) under the Union ministry of environment and forests (MoEF) would examine the 139 suspended environment clearances (EC) for mines in Goa. The EAC received report of a regional office of the MoEF on all 139 operational and non-operational mines Goa. The regional office in Bangalore completed inspection of all mines and submitted reports to EAC for necessary actio

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Uranium deposits found in Jharkhand

The Uranium Corporation of India (UCIL) on July 26 said that deposits of uranium were recently discovered at a place between Jadugora and Narwapahar mine areas in Jharkhand's East Singhbhum district. Pinaki Roy, UCIL's Executive Director (Project East) and Corporate Communication said that the uranium reserves were detected between UCIL's existing uranium mines at Jadugora and Narwapahar, about 15 km from Jamshedpur.

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MOIL earmarks Rs 250-cr for exploratory drilling in Maha

For conducting geophysical studies and exploratory drilling on 597 acres of area in Maharashtra, State-run manganese ore producer MOIL has earmarked Rs 250 crore investment. The grant of Prospecting Licence (PL) for an area of 597.44 hectares in Nagpur and Bhandara by Maharashtra has come at the right time. Anticipating the grant, Rs 250 crore has been earmarked for conducting geophysical studies, exploratory drilling, MOIL CMD GP Kundargi said in the annual report.

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Meghalaya govt to reconsider mining policy

In order to address the concerns of all stakeholders, Meghalaya government decided to reconsider the state Mines and Minerals Policy, 2012 and implement it after holding wide consultations with them. It may be recalled that the state Mines and Minerals Policy, 2012 allows miners to continue with rat-hole coal

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Karnataka govt may set up court to hear mining cases

Replying a question in the state legislative Assembly, Karnataka Chief Minister Siddaramaiah indicated that his government would set up a fast-track court to hear illegal mining cases. Illegal mining in the state between 2006 and 2010 caused a loss of Rs 16,085 crore to the state exchequer, according to the final report of the then Karn

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Balco may supply bauxite to Vedanta's refinery

Vedanta Aluminium (VAL) is in the process of increasing capacity utilisation at its 1-million tonne alumina refinery in Lanjigarh, Odisha by securing bauxite from its group firm Bharat Aluminium Company's (Balco). It is learnt that Balco would supply the raw material from its Kawardah mines in Chhattisgarh. The mines promise 120,000 tonne of bauxite supplies every

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FM asked to facilitate mining in Goa

Sesa Goa, in a letter to Finance Minister P Chidambaram, requested the latter to facilitate early resumption of iron ore mining in Goa. PK Mukherjee, Managing Director of Sesa Goa said in the letter that that one-third of Goa's population is dependent on mining. He further said the state government and the industry have already initiated several steps to stre

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Vedanta wants shareholders to renew approval for buyback

London-listed Vedanta Resources, which proposes to buy a maximum of 27,337,819 shares through market purchases at a minimum price of $0.10 per share, will seek renewed approval from shareholders for this. The buy back amounts to about 10 per cent of the company's equity. In a recent notice, the company sought shareholders' approval to renew the clearance given at last year's annual general meeting, which is due to expi

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Karnataka to consider KIOCL plea for mining in Tumkur district

The Karnataka government will take a decision on processing the application by Kudremukh Iron Ore Company (KIOCL)?on seeking a 116.55 hectare mining lease at Hosahalli in Chikanayakanahalli taluk of Tumkur district after it prepares a framework for mining iron ore and allied minerals in the State,?Chief Minister Siddaramaiah told the State Legislative Assembly on July 25. Replying to a call attention notice by JR Lobo?(Congress) Siddaramaiah said KIOCL?had applied for the mining lease in 2008.

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Court nod to Vedanta for merger of Sesa Goa, Sterlite

Vedanta Resources Plc moved a step closer to merging two of its Indian subsidiaries after the Madras High Court in India approved the company's plan to simplify its group structure. The mining conglomerate had said early last year that it planned to overhaul its web of subsidiaries, creating an umbrella unit that will group most of its assets.