Goa Mining Order

The Enforcement Directorate has issued a seizure order against the estate of former Goa MLA and mining magnet Anil Salgaocar and seized the shares held by this estate in connection with the foreign assets held by Mr Salgaocar before his death.

Defying prohibitory orders, hundreds of people protested in Panaji on Monday against a recent Supreme Court order banning mining in Goa, leading to a lathicharge by the police to disperse protesters who had disrupted traffic by blocking the main entry and exit points to the city.

Goa is staring at a revenue loss of Rs 3,500 crore annually and downscaling of nearly two lakh jobs following a Supreme Court order over non-renewal of iron ore mining leases in the state, a minister has said.

The Prime Minister's Office (PMO) has sought a detailed report about the possible economic impact on Goa of the Supreme Court order setting aside the second renewal of 88 iron ore mining leases in the state, Chief Minister Manohar Parrikar said today.

Goa Chief Minister Manohar Parrikar today said his government will explore all options, including auction of mining leases, to ensure that the mining industry is not affected by the Supreme Court order which set aside second renewal of 88 iron ore mining leases in the state.

The Supreme Court today quashed the second renewal of iron ore mining leases given to 88 companies in Goa in 2015. It also ordered that environmental licences be granted afresh.Hearing a petition filed by Goa Foundation, a non-profit, the court ruled that the state government was obliged to grant fresh mining leases in accordance with law, in view ...

With the withdrawal of the suspension order, the Goa government said the mining industry will resume operations immediately.

The Centre today decided to revoke its earlier order suspending all environmental clearances or ECs of mines in the coastal state.

Shares in Sesa Sterlite fell as much as 12 per cent to a low of Rs 218.90 on Tuesday after the Supreme Court on Goa mining said that pre-2007 iron ore belongs to the state. The pre-2007 iron ore has to be auctioned, the top court said.

Mining curbs in India in states such as Goa and Karnataka along with mine closures in top producing Odisha have limited iron ore availability in the country, opening the door to more imports this year, which could help absorb some of the surplus in global supply.

In a clear signal that 28 mining leases would soon be operational resuming iron ore extraction in the state, Goa Chief Minister Manohar Parrikar said that the government will not challenge the recent High Court order which has asked the government to renew these leases.

The Goa government has said it will adopt a transparent mechanism to award mining leases in future and is studying the Supreme Court order lifting ban on iron ore extraction before taking a decision on vacating current mine operators whose fate hangs in balance.

The Supreme Court order is significant for Sesa Sterlite, the main subsidiary of mining conglomerate Vedanta.

The Supreme Court gave the go-ahead on Monday for the auction of around 11.46 million tonnes of iron ore already mined in Goa state, potentially doubling the country's exports this year to top market China if overseas sales are allowed.

Sesa Goa shares tanked in early trade Tuesday after the Goa government ordered shutdown of all 90 iron ore mines in the state following the Shah Commission report. The report, which was tabled in Parliament last week, exposed a scam to the tune of Rs. 35,000 crore in Goa's iron ore mines.

The Enforcement Directorate has issued a seizure order against the estate of former Goa MLA and mining magnet Anil Salgaocar and seized the shares held by this estate in connection with the foreign assets held by Mr Salgaocar before his death.

Defying prohibitory orders, hundreds of people protested in Panaji on Monday against a recent Supreme Court order banning mining in Goa, leading to a lathicharge by the police to disperse protesters who had disrupted traffic by blocking the main entry and exit points to the city.

Goa is staring at a revenue loss of Rs 3,500 crore annually and downscaling of nearly two lakh jobs following a Supreme Court order over non-renewal of iron ore mining leases in the state, a minister has said.

The Prime Minister's Office (PMO) has sought a detailed report about the possible economic impact on Goa of the Supreme Court order setting aside the second renewal of 88 iron ore mining leases in the state, Chief Minister Manohar Parrikar said today.

Goa Chief Minister Manohar Parrikar today said his government will explore all options, including auction of mining leases, to ensure that the mining industry is not affected by the Supreme Court order which set aside second renewal of 88 iron ore mining leases in the state.

The Supreme Court today quashed the second renewal of iron ore mining leases given to 88 companies in Goa in 2015. It also ordered that environmental licences be granted afresh.Hearing a petition filed by Goa Foundation, a non-profit, the court ruled that the state government was obliged to grant fresh mining leases in accordance with law, in view ...

With the withdrawal of the suspension order, the Goa government said the mining industry will resume operations immediately.

The Centre today decided to revoke its earlier order suspending all environmental clearances or ECs of mines in the coastal state.

Shares in Sesa Sterlite fell as much as 12 per cent to a low of Rs 218.90 on Tuesday after the Supreme Court on Goa mining said that pre-2007 iron ore belongs to the state. The pre-2007 iron ore has to be auctioned, the top court said.

Mining curbs in India in states such as Goa and Karnataka along with mine closures in top producing Odisha have limited iron ore availability in the country, opening the door to more imports this year, which could help absorb some of the surplus in global supply.

In a clear signal that 28 mining leases would soon be operational resuming iron ore extraction in the state, Goa Chief Minister Manohar Parrikar said that the government will not challenge the recent High Court order which has asked the government to renew these leases.

The Goa government has said it will adopt a transparent mechanism to award mining leases in future and is studying the Supreme Court order lifting ban on iron ore extraction before taking a decision on vacating current mine operators whose fate hangs in balance.

The Supreme Court order is significant for Sesa Sterlite, the main subsidiary of mining conglomerate Vedanta.

The Supreme Court gave the go-ahead on Monday for the auction of around 11.46 million tonnes of iron ore already mined in Goa state, potentially doubling the country's exports this year to top market China if overseas sales are allowed.

Sesa Goa shares tanked in early trade Tuesday after the Goa government ordered shutdown of all 90 iron ore mines in the state following the Shah Commission report. The report, which was tabled in Parliament last week, exposed a scam to the tune of Rs. 35,000 crore in Goa's iron ore mines.