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Volvo CE appoints new dealer in Karnataka

Volvo Construction Equipment (Volvo CE) has appointed Encore Heavy Machinery Pvt Ltd as its new dealer in Karnataka.

We have good market share in 14-20 tonne excavators and road equipment

Volvo operates only through dealerships and being a local dealer was advantageous for me, since Volvo has its manufacturing facility and head office in Bengaluru, says Vinayak Nayak, Managing Director, Encore Heavy Machinery Pvt Ltd.

Sesa Goa awaits green nod to restart mining

Sesa Goa is awaiting the clearance of the union environment ministry to resume operations in its iron ore mine in Karnataka. Recently, the forest advisory committee (FAC) of the environment ministry recommended conditional clearance for the mining operation by the firm. In its recommendation, the panel opined that the company should be mandated to comply with all cond

Firms sold 45.5 mn t ore via e-auction

Data from the Department of Mines and Geology (DMG), Karnataka shows mining firms sold 45,544,000 million tonne (mn t) iron ore out of 77,268,000 mn t earmarked for e-auction as on May 18 in the state. Of the total sale amount of Rs 10,496 crore, the DMG gets Rs 979.26 crore as royalty, Forest Department gets Rs 978.26 crore as Forest Development Tax while Rs 501.52 crore goes to Com

SC lifts ban on K'taka iron ore mining

The Supreme Court lifted the omnibus ban on iron ore mines in Bellary, Chitradurga and Tumkur districts of Karnataka and permitted 81 lease owners, who had committed minor violations, to resume mining after compliance of stringent conditions laid down by the courts.

CEC may discuss re-allotment of mining lease

The proposed re-allotment of mining lease areas in the Bellary, Tumkur and Chitradurga districts of Karnataka may be discussed by the Supreme Court-appointed Central Empowered Committee (CEC) soon. The mining lease may be alloted through international competitive bidding which may fetch several thousand crore rupees to the state. Meanwhile, the panel discussed reclamation and rehabilitation (R&R) plan for mining regions in these distr

Vedanta expects Sesa Goa to restart mining

By June 2013, Vendanta Resources expects its subsidiary Sesa Goa to resume mining in Karnataka and the firm is said is in the process of securing necessary clearances. This information was shared by MS Mehta, CEO of Vedanta in a conference call, while announcing the annual results of the company. Pointing out that Sesa Goa does not plan to export the raw material from the state, Mehta said there is a "sign

Sesa Goa confident of early nod for mining

Following the lifting of ban on mining in some areas in Karnataka by the Supreme Court, Sesa Goa hopes to secure forest clearance for its mine in Chitradurga district in some days. PK Mukherjee, Managing Director of the Vedanta group firm expressed hope that the company would secure the (forest) clearance in matter of days considering the ir

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