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Old September 5th, 2012, 08:22 AM   #421
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Supreme Court allows 18 Karnataka iron mines to resume operations

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NEW DELHI: The Supreme Court on Monday allowed 18 mines to resume mining in Karnataka, partially easing a 16-month old ban on iron ore mining due to environment concerns.

The move is expected to add five million tonnes of iron ore supply to steel companies, who have been starved of this crucial raw material for more than a year.

But the decision may not lift the industry out of its gloom as the so-called 18 'category A mines' in Karnataka's Chitradurga, Bellary and Tumkur districts can resume operations only after getting necessary government approvals, a process likely to take many months.

The SC banned mining in the state last year, acknowledging severe environmental damage due to large-scale illegal mining. During the course of the case, its panel on forest matters had divided the leases as per their involvement in illegality; Category A mines is those that have a clean chit.

The court's decision may, however, not pave way for iron ore exports immediately. Miners, equipped with far more stringent R&R (relief and rehabilitation) guidelines will also have to get all their regular clearances from the ministry of environment and forests, the Indian Bureau of Mines and the local pollution control board.



Mining in India has become controversial due to the operation of many illegal mines and the unhealthy manner of their operations. The Reddy brothers of Karnataka, who operated many mines in the state by remote control, were alleged by various investigative bodies to have flouted environmental and mining laws. Their name has become synonymous with corruption in the mining industry leading to the humiliating resignation of their patron and then Karnataka chief minister, BS Yeddyurappa last year.

In Karnataka, the Central Empowered Committee or CEC has also recommended cancellation of licences of as many as 49 iron ore miners, falling into category C. it has further suggested that they then be auctioned off. But the court is yet to decide the fate of these mines. It is also yet to clear those miners, who the CEC had recommended be fined for operating mining pits and burden dumps outside sanctioned areas. JSW Steel, an important stakeholder having a significant exposure in Karnataka declined to comment. "Our legal team is studying the verdict," the spokesperson said.

In a report submitted to the Supreme Court, the forest panel reiterated the need for statutory clearances before mining can resume. The CEC, which assisted the court in forest matters, expects only 4.5 mt of annual capacity to be cleared. A mining lease requires environment and forest clearance, the approval of mining plan by the Indian Bureau of Mines, and clearances from local pollution control boards amongst others.

Karnataka once contributed about 40-45 million tonne iron ore to the country's total production of 200 mt. The ban on iron ore, a key steel input, resulted in several Karnataka steelmakers including JSW Steel curtailing production as it was starved of the crucial input. The apex court later facilitated a small supply of raw material to the state's steelmakers by allowing auction from existing reserves of mined ore which have now been exhausted. And NMDC, the largest Indian producer of iron ore was asked to produce 12 mt, but has managed only about 7 mt.

Welcoming the order, Basant Poddar, owner of Mineral Enterprises said: "As the court pointed out, the state was on the brink of moving into stone age. These current limits will be revised upwards as and when miner revises the estimate of the mineral reserves. My belief is that even the state limit of 30 mt could be revised upwards to 50 mtin a year and half." The Chitradurga lease has been allowed to produce 0.38 MT a year, but Poddar's hoping to spend 10 crore to get reserves at his three leases re-estimated and be allowed to mine more in the future.
ET

Supreme Court order will revive steel industry: Karnataka industries
SC's Karnataka mining order: No immediate relief for steel firms
Karnataka miners welcome apex court order
News of mining ban reversal in Karnataka fails to lift JSW Steel shares
SC ruling on Karnataka mines positive for JSW Steel: JP Morgan
Kalyani Steel, Sesa Goa gain post SC ruling on Karnataka mines
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Old September 6th, 2012, 09:22 AM   #422
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Supreme Court order will revive steel industry: Karnataka industries

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BANGALORE: The Supreme Court order lifting ban partially on mining operations in Karnataka would revive the iron ore production and provide relief toover 10,000 workers who wererendered jobless due to the restrictions, industry has said.
The move may not pave the wayfor iron ore exports immediately, it will provide a relief for over 10,000 mining employees and thousands of transporters, who were rendered jobless due to the ban, and also revive the sponge iron units in and around Bellary,it said.
"The lift would not only increaseproduction of iron and steel and generate employment opportunities but also help in realisation of the investment proposals signed during GIM (global investors' meet) 2010 and GIM 2012 in this sector", President of Federation of Karnataka Chambers of Commerce and Industry (FKCCI) K Shiva Shanmugam said.
"It will also help growth of Bellary and Chitradurga districts and contribute to the exchequer of the state", he added.
Shanmugam thanked CEC and the efforts of the state Government for their report which recommended resumption of operation in these 18 mines.
Partially lifting its ban on miningoperations in Karnataka ordered more than a year back, the Supreme Court on Monday gave its green signal for extraction of iron ores on 18 leases subject to certain conditions being fulfilled.
A three-judge forest bench headed by Justice Aftab Alam accepted the report of the apex court-appointed Central Empowered Committee (CEC) which had said 18 leases be allowed to carry on their business in the districts of Bellary, Tumkur and Chitradurgaas they have not violated any rules.
Source: http://ibnlive.com/news/sc-order-wil...89-62-129.html
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Old September 7th, 2012, 05:54 AM   #423
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Much work to be done before mining can resume

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M. Ahiraj

Need to speed up R&R implementation, statutory clearances

The Supreme Court’s nod for the resumption of mining in 18 A category mines has come as a great relief to all those depending on it directly and indirectly for their livelihood. But it is likely to take some time for the benefits to filter through as mining operations cannot resume immediately.

Of the 18 companies permitted to resume mining, the Reclamation and Rehabilitation (R&R) plan of 16 — 13 in Bellary and three in Chitradurga districts — were prepared and approved by the Central Empowered Committee.

The Supreme Court had directed that these companies could start mining operations only after implementing the R&R plan and also after obtaining all the statutory clearances, including approval of the mining plan by the Indian Bureau of Mines (IBM), clearances from various departments, including Forest, Mines and Geology, Environment, pollution control board, among others.

Official sources in the Forest Department told The Hindu that the implementation of R&R plans had begun in 10 of the 12 mines having leases in forest lands and the progress was in various stages. As per the R&R plan, the works of erecting boundary pillars, dump stabilisation, terrace work around the dump, retaining wall around the dump, geo-textile implementation at slope of dump to develop green belt, plantation along the lease boundary, construction of settling tank, check dams and gully checks, garland drainage around the dump, among other things were in progress.

Mysore Minerals Ltd. (Thimmapanagudi), Nadeem Minerals, Mysore Minerals Ltd. (Subbrayanahalli), B. Kumaragouda, Vesco Mines, S.K.M.E. Mines, Zeenath Transport Co., Shantipriya Mines and Kariganur Minerals and Mining Industries Hospet, were among the nine companies in Bellary district having mining leases on forest land.

R. Praveen Chandra, Sesa Goa Ltd., Mineral Enterprises having leases in forest lands of Chitradurga district had started the implementation of R&R plans. Recently, a team of senior officials of the monitoring committee, including U.V. Singh, Chief Conservator of Forests and Deepak Sarmah, Additional Principal Conservator of Forests, inspected the mining leases to oversee the progress of the implementation of R&R.

Four mines — two leases of RBSSN, Allum Prashant and Tiffin Barryates — falling under A category have mining leases in revenue land of Bellary district.

Mr. Uday Shankar, Deputy Director of Mines and Geology, when contacted, said that there were 35 mining leases in Bellary district falling under A category, and they had been asked to implement R&R plans at the earliest. He reiterated that speedy implementation of the plan and getting statutory clearances would enable them to get early permission to resume mining operations.

Economy down

The economy of the district has taken a severe beating ever since the Supreme Court imposed a total ban on mining activities. People directly or indirectly dependant on mining, including those in the service sector (transport, earthmovers, financial institutions, mechanics and welders) were severely affected. The steel industries were also hard hit due to non-availability of iron ore, the basic raw material. All those dependant on mining activities are eagerly waiting for the mine owners to comply with the statutory formalities so that the extraction of iron ore resumes at the earliest.

* All those relying on mining activities are eagerly waiting for the final ‘go’
* Ban lifted on 18 A category mines
TH

I am for all nationalization of mining activites of iron, coal, etc.
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Old September 29th, 2012, 05:46 PM   #424
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Posco, Severstal cannot have majority stake in proposed JVs with SAIL, NMDC: Steel Ministry
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PTI Sep 25, 2012, 05.30PM IST

NEW DELHI: The Steel Ministry today said Posco and Severstal cannot have majority stakes in their proposed joint ventures with state-run SAIL and NMDC respectively, envisaging a total ivestment of Rs 36,000 crore.

"Talks are going on. There are problems in regards to the shareholding. But, we can't give them land, we can't give them all facilities, and still have the minority shareholdings in the ventures," Steel Minister Beni Prasad Verma told PTI.

He declined to give a time-line as to when the deals are likely to be sealed.

"These can be finalised only when Posco and Severstal agree to give our companies 51 per cent stakes in both the joint ventures," he said.

SAIL had signed a memorandum of understanding (MoU) with South Korea's Posco to form a joint venture company at Bokaro in Jharkhand for setting up a three-million tonne per annum steel-making unit last year with a Rs 16,000 crore investment.

NMDC had inked a MoU with Russia's second largest steel maker Severstal in late 2010 for a three mtpa plant initially in Karnataka involving around Rs 20,000 crore investment.

Differences on shareholding issue continue to come in the way of formation of the two steel-making ventures, as both the foreign firms are insisting on owning majority stakes in them.

While in the case of SAIL-Posco venture, Posco will bring in iron-making technology that is not in use anywhere other than in its own domestic plant, Severstal would only supply coal, the raw material for steel-making, for the plant, if the deals with NMDC come through.

When asked whether the proposed joint ventures to see the light of the day, Verma said, "It is their decision, you have to ask them. Talks are going on. If tomorrow they say, "yes", to our demand, we will go ahead".

Verma said talks can progress further when there is equal eagerness, even if the MoUs expire.

"MoUs can be extended even if the matter is not finalised within the stipulated tenure of the MoU, if both parties find there is a possibility," he added.
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Old October 12th, 2012, 03:39 PM   #425
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Deccan Gold Obtains Prospecting Licence For Mangalagatti Gold Project

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Deccan Gold Mines Ltd. said its wholly-owned subsidiary Deccan Exploration Services Pvt. Ltd. had granted a Prospecting Licence for gold over an area of 4 sq. kms. in the Mangalagatti Block located in the Dharwar District of Karnataka.

The Prospecting Licence will be executed with the Karnataka State Government after the completion of the procedural formalities, it said.

The Mangalagatti PL Block forms pat of Dharwar-Shimoga Basin of Archaean Western Dharwar Craton in the State of Karnataka. The Block is located 12 kms north of Dharwar city and is part of the 'Dharwar Cluster' of gold bearing sulphidic chert bands discovered by DESPL.

TH PL Block comprises of Mangalagatti SE, Mangalagatti Main and East Prospects. All these are considered as highly potential like the Ganajur-Karajgi cluster near Haveri.

Initial exploration during the RP tenure in the Mangalagatti SE prospect by RC drilling and channel sampling had revealed significant gold mineralization. An inferred resource of 1.5 million tonnes at 1.63 g/t Au was estimated based upon results of shallow RC drilling programme.

At the BSE, Deccan Gold Mines closed Friday's trading at Rs.22.05, up 5.00 percent from the previous close.
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Old October 12th, 2012, 03:42 PM   #426
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Severstal and NMDC officials meet to discuss proposed steel venture partnership in Karnataka

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NEW DELHI: Russian steelmaker Severstal, says it is still optimistic of its joint venture with state miner NMDC.

Addressing the first briefing of the World Steel Association's annual conference in Delhi, Severstal CEO Alexey Mordashov said the two companies would meet again later in the day. "For a successful strategy in India it was important to have a good local partner, especially given the complications (legislation and land acquisition)." Mordashov, who owns 83% of Severstal, Russia's second largest steel maker and one of Russia's richest men, didn't commit to whether Severstal would agree to a less than majority stake.

The Russian steel maker and NMDC have been in talks for a 20,000 crore, 3mta flat steel project in Karnataka since late 2010. NMDC which now has two leases in the southern state, would bring iron ore to the JV and Severstal would contribute coking coal to the JV. The talks are stuck over differences over shareholding, with both keen to hold a majority stake in the JV.

On the sidelines of the conference, Mordashov said he was keen to overcome the logjam on issues relating to ownership structure and wasn't ready to walk away yet. NMDC with its abundant raw material (iron ore) resources was a great partner for its India plans according to Severstal.

Mordashov who takes on, as the new chairman of the steel industries most influential body, said his company was bullish about India in the long term. Given the large population and abundant resource, India as an investment destination was obvious. But Mordashov warned that "given the lack of perspective (for growth of the steel sector) and the complicated legislation, the industry participants would require "close attention, careful preparation and perseverance."
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Old October 14th, 2012, 01:10 PM   #427
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Tata Steel awaiting ore mine allocation to start work

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NEW DELHI, OCT 14:
Tata Steel has said it will start work on the proposed plant in Karnataka only after getting the allocation of an iron ore mine that has at least 300 million tonnes of reserves.

“We have identified the land, something like 2,400 acres, in Karnataka. People have agreed to give us the land. We are waiting for the iron ore allocation to be done. Unless iron ore is available to us, we are not going to start work,” Tata Steel Managing Director H M Nerurkar told PTI.

In January, the company announced plan to set up a six million tonne per annum (mtpa) steel plant with Rs 30,000 crore investment in Haveri district of the Southern state. It proposed to build the facility in two equal phases.

Nerurkar said the state government was considering the proposal for an iron ore mine which has reserves of at least 300 million tonnes, sufficient to meet the raw material demand for at least 30 years of the plant life.

“The state government is considering our proposal. I think it should happen shortly, that is what our understanding is. Unless we have the surety of raw material supply, we are not going to go (start),” he said.

Tata Steel has 6.8 mtpa capacity at its Jamshedpur plant. It is increasing the capacity at the plant by three mtpa. In addition, three mtpa capacity through a new facility at Kalinganagar in Odisha is set to go on stream in 2014.

Nerurkar hinted that the company is unlikely to face any problem with regard to land acquisition for the plant

He said the people from the identified area of the proposed facility have already visited Tata Steel’s Jamshedpur plant and were satisfied with the way the company looks after the people in areas adjoining the mines and the plant.

“People are comfortable. They know how we will look after them,” Nerurkar said.

Asked what would be the product-mix in the new plant, he said, “We have not finalised that yet. Once we have the surety of iron ore and finalise the land acquisition, we will decide all these.”
The Hindu

Looks like it is coming up in Haveri,It would be a mega steel plant.
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Old October 23rd, 2012, 11:22 AM   #428
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Mega steel projects face delay over land, resource allocation

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Vishwanath Kulkarni

New Delhi, Oct. 8:

Mega steel investments planned by foreign companies, such as Posco and ArcelorMittal, continue to be dogged by issues relating to land acquisition and resource allocation.

As a result, most of these big projects are in a limbo in States such as Orissa and Karnataka.

Posco project

South Korean steel major Posco, which is setting up an eight million tonne a year plant in Odisha, is still waiting for the State Government to hand over the land acquired for the purpose. The land acquisition efforts by the Industrial Development Corporation of Orissa Ltd (IDCOL) are mired in a controversy, as local people have been protesting the Government’s move to acquire their land.

“IDCOL is yet to hand over the land to us,” said a Posco official in New Delhi. Posco expects to decide on starting construction on the project only when the corporation hands over the land. “We are hoping that the land will be transferred soon,” the official said.

Posco has sought 2,700 acre for its Odisha project, now downsized to eight mt a year from the initial 12 mt a year. It had signed an agreement with the State Government for the proposed project in Jagatsinghpura in 2005. IDCOL has reportedly acquired 2,000 acre, largely forest land, for the project, and is expected to go for an additional 700 acre.

“We continue to protest the land acquisition,” said Prashant Paikary, spokesperson for Posco Pratishod Sangram Samiti, the agency spearheading the agitation against the Korean steel maker.

Posco’s move to set up a plant in Karnataka, too, has not made any progress. “We are waiting for the Karnataka Government to allocate land,” the Posco official said. Efforts to acquire land in Gadag district for a six-mt a year plant with an investment of Rs 30,000 crore also faced strong protests from the farmers, forcing the State Government to look for an alternative location.

Mittal plant

Arcelor Mittal, the other global giant, which has planned a six-mt a year plant at Bellary in Karnataka, has been handed over some 1,800 acre by the Karnataka Industrial Area Development Board. The company, which has sought another 697 acre for the second phase of the project, is waiting for the Government to allot a mineral concession for an assured raw material linkage before proceeding with the project, sources said.

Following the crackdown on illegal mining in Karnataka, there has been a ban on issue of new mining leases. As a result, new steel projects that were hopeful of securing raw material linkages through a mineral concession are in the doldrums.

Severstal-NMDC venture

Russian steelmaker Severstal’s joint venture with NMDC in Karnataka and the proposed joint venture between SAIL and Posco may also face a delay in take-off, with the Government insisting on a majority stake in these ventures. The Severstal-NMDC venture is setting up a three-mt a year project in Karnataka, while the SAIL-Posco JV proposes to set up a three-mt a year plant in Jharkhand.

The steel capacity in India is currently estimated at 90 mt a year and is projected to grow to 126 mt a year by 2014-15.

Vishwanath.kulkarni@thehindu.co.in
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Old October 31st, 2012, 07:30 PM   #429
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Karnataka hands over land to ArcelorMittal for steel plant

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Operationally, ArcelorMittal is having a tough time with the world's largest steelmaker slipping into a net loss this third quarter. As per the company's earnings reported today. But there's at least some good news in India. The Karnataka government has finally handing over land to the steel major for setting up its first steel plant in India, reports Vineetha Arthrey of CNBC-TV18.


It is the best Diwali gift the world's largest steel maker ArcelorMittal could have asked for, while its Orissa project remains mired in controversy. It's at least made headway in its Karnataka. Two years after it signed an MoU to set up a 6 MTPA steel plant in Karnataka, the state government has completed the land acquisition process for the proposed Rs 30,000 crore investment and has handed over 2569 acres of land in Bellary to the company.

"We have made progress on land acquisition in Karnataka. The Karnataka Government has transferred the requested private land in the company's name and the process to transfer another 136 acres of government land is underway. The process of getting various clearances including crucial environment clearance is underway. We have also applied for mining leases which are critical for the project. We are focusing on getting all relevant clearances," says spokesperson of ArcelorMittal.

So, with the land possession certificate firmly in its kitty, and environmental clearances expected soon, ArcelorMittal has one thing less to worry about but it's still not all smooth sailing as the steel maker still has to focus on the other big hurdle, getting a captive mining lease following the crackdown on illegal mining in Karnataka, not only has the SC capped mining in the state at 30 million tonne annually but also new mining leases might take a long time to materialize as a result, new steel projects like ArcelorMittal's might not be able to secure adequate raw material linkages anytime soon.

Uncertainty hovers around the mining lease sources in the state mining dept say that while they have started internal discussions with legal experts on this, ultimately both the Center and the Supreme Court have to give their nod to new leases, a process that might not happen in a hurry.
http://www.moneycontrol.com/news/cnb...nt_776013.html
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Old November 1st, 2012, 02:34 PM   #430
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ArcelorMittal gets land in K'taka, steel plant still a long way to go

The company has got the entire 2,700 acres of land near Bellary, Karnataka

Quote:
Shubhashish / Mumbai Nov 01, 2012, 17:51 IST

ArcelorMittal has finally crossed the biggest hurdle in setting up any project in India -- land. The company has got 2,569 acres of land out of the total need of 2,705 acres near Bellary, Karnataka, required for its steel plant from the state government.

ArcelorMittal spokesperson said, “We have made progress on land acquisition in Karnataka. The Karnataka Government has transferred the 2,569 acres of private land in the company's name and the process to transfer another 136 acres of government land is underway. The process of getting various clearances including crucial environment clearance is underway. We have also applied for mining leases which are critical for the project. We are focusing on getting all relevant clearances.”

Bellary is the rich iron ore district of Karnataka where most of the steel plants, including the 10 million tonne plant of JSW Steel is located. The land has been acquired by the Karnataka government through Karnataka Industrial Area Development Board (KIADB) and the company had deposited Rs 260 crore with the government for the same.

However, construction of the plant is still nowhere near as the company is waiting for a clarity on the iron ore mines allocation policy. Sources said that the construction will not begin unless the company gets a definitive word on iron ore.

In 2010, during the global investors’ meet in Karnataka, ArcelorMittal and various other steelmakers like Tata Steel, NMDC-Severstal, JSW Steel, POSCO, Essar Steel, to name a few had signed the memorandums of understanding (MoUs) with the state government to set up steel plants in the state. However, the iron ore mining ban by the Supreme Court due to the ill-effect of illegal mining in the state slowed down the progress of the MoUs.

Even now, steelmakers, including ArcelorMittal, are yet to get the iron ore leases for their plants. The company has cleared that the steel plant construction will not begin unless the iron ore mine leases are in place. This could particularly continue to delay the Rs 30,000 crore 6 million tonne steel plant by ArcelorMittal and other companies in the state as the debate is currently raging in the country on the future of natural resource allocation.

The Supreme Court has currently put a cap of 30 million tonne of iron ore mining in Karnataka which is sufficient for the 16-19 million tonne steel capacity that is presently installed in the state. Any new capacity, like ArcelorMittal, will need the 30 million tonne cap to be relaxed or iron ore be brought from other states.

ArcelorMittal’s fate in states like Jharkhand and Odisha still hang in air as the company has failed to achieve any progress. It has plans to set up 12 million tonne each steel plants in the two states.
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- http://business-standard.com/india/n...ant-/193928/on
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Old November 2nd, 2012, 03:11 PM   #431
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Two Category A mines restart iron ore mining in K'taka

Third likely to restart production next week, bringing about 1.5 million tonne of iron ore to the auction platform
Quote:
Mahesh Kulkarni / Bangalore Nov 02, 2012, 16:31 IST

Iron ore mining has restarted in Karnataka’s Bellary and Chitradurga districts, one year after it was suspended following the Supreme Court direction. Two mining leases in Category A, which have secured all statutory approvals, have started mining, giving hopes of regular supply of iron ore to the ore-starved steel industry.

According to Federation of Indian Mineral Industries (FIMI) officials, two mining leases – R Praveen Chandra in Chitradurga and B Kumar Gowda in Bellary districts have commenced mining. Nadeem Minerals, which has its mine in Bellary, is likely to restart mining next week. These mines together would bring about 1.5 million tonne of iron ore to the auction platform in about two weeks’ time.

In addition to these, another lease – VESCO - is likely to secure necessary approvals to commence mining in the next one week, FIMI officials said.
On September 3, 2012, the Apex Court cleared 18 Category A mines to restart mining.

Mineral Enterprises Ltd, which was the first mining company to secure all clearances, operated its mine in Chitradurga for one month and produced about 35,000 tonne before shutting down operations as its mining lease expired on October 6, 2012.

Mining had stopped in Karnataka in July 2011 after the Apex Court ordered for suspension after the investigation by the Central Empowered Committee (CEC) found rampant illegalities by several mining companies. However, the Court had allowed e-auction of about 25 million tonne of iron ore from the stockpile to help the steel industry tide over the crisis.

Based on the CEC report, the Supreme Court, in its order on September 2, 2011 permitted monthly auctions of 1.5 million tonne of iron ore from stockpiles in the state. It had allowed public sector mining giant NMDC Ltd to carry out mining at its mines in Bellary district and extract up to one million tonne per month.

Subsequently, the Supreme Court had ordered for setting up of a three member monitoring committee comprising Deepak Sharma, Additional principal chief conservator of forests, H R Srinivasa, director, department of mines and geology and U V Singh, chief conservator of forests to supervise the e-auctions.

The Court also appointed public sector MSTC to conduct the auction. Since the first auction held in September 2011, about 33 million tonne of ore has been auctioned and sold to steel companies in Karnataka that include JSW Steel, BMM Ispat, Kalyani Steels and Kirloskar Ferrous Industries among others. This includes ore from NMDC, which was allowed to conduct mining.

Around 14 million tonne of iron ore from Bellary, seven million tonne from Chitradurga and 4 million tonne from Tumkur districts were put on auction. The buyers of iron ore, however, were restricted from exporting the iron ore as directed by the Supreme Court.
http://business-standard.com/india/n...taka/194177/on
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Old November 8th, 2012, 04:44 PM   #432
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Minera Group is coming up with India's first pellet plant for 0.6 MTPA with straight grate technology from VT CORP

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Minera Steel and Power Pvt. Ltd., Bellary, Karnataka has placed the order on VT CORP PVT LTD for 0.6 MTPA Iron Ore Pellet Plant on Straight Grate Technology. VT CORP will supply this plant in collaboration with URALMASH, Russia. Technology and Indurating machine will be supplied by URALMASH. Engineering and Supply of other core equipment by VT CORP. The plant is scheduled to be commissioned in 16 month.

VT CORP is focusing on smaller to medium capacity pellet plant based on URALMASH technology. VT CORP offers pellet plant from 0.3, 0.6, 1.2, 2.0 and higher capacity.
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Old November 18th, 2012, 10:07 AM   #433
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NMDC aims 48 MTPA iron ore production capacity by FY15
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Work is also going on to develop Kumaraswamy deposits in Karnataka. NMDC has not given any expected time-line for the operations from this deposit to start.

"The Kumaraswamy deposit, currently being developed for an annual production of seven mtpa," NMDC said, adding that an additional two mtpa capacity could be developed from existing mines.
Diversification plans of KIOCL
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3. Establishing Chemical Laboratory at Sandur, Hospet Taluk, Karnataka for Iron ore quality testing services to outsiders beside own usage while participating in e-auction.
KIOCL - Hospet Iron Ore Processing Plant - Karnataka - Construction Project Profile - new market research report published
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Old November 21st, 2012, 06:07 PM   #434
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MSPL to invest Rs 300 cr for gold mining in Karnataka

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MUMBAI, NOV. 21:
MSPL plans to commence gold mining at Gadag in Karnataka by August. The company, through its subsidiary Ramgad Minerals and Mining, is to invest Rs 300 crore for infrastructure development to roll out the business.

Speaking to Business Line here on Wednesday, Shrenik N. Baldota, Executive Director, MSPL, said the company has completed the ground work at the mine after receiving the Government approvals, and production is expected to start from August next year.

“We target to produce one-and-a-half tonnes of gold in the first year of operation. Depending on the progress, we will gradually increase the output,” he said

GOLD ORE PROCESSING PLANT

The Hospet-based company, which will become the first private sector gold mining company in India, plans to set up a gold ore processing plant at Gadag district, in collaboration with a South African gold mining company. MSPL plans to produce about two tonnes of gold a year through the mine life of 20 years. The mine was allotted to MSPL in 2008.

“The Gadag mine area covers about 10 sq. km. We had to drill every 100 km to explore the quantity of gold content in the ore before it could be mined ,” said Baldota.

Though MSPL has expertise in open cast iron ore mining, it has to gain know-how from foreign companies for underground gold mining. Besides, the company has to process a huge quantity of ore to retrieve the gold content. Given the high gold prices, this would still be a profitable proposition, said an analyst.

The Karnataka Government-owned Hutti Gold Mines in Raichur district is the only operational gold mine in the country. HGML, which was the first Indian company to become the member of the World Gold Council, has two plants in Hutti and Chitradurga district of Karnataka.

Kolar Gold Fields, the once most popular mine operated by the State-owned Bharat Gold Mines, had to wind up operations. China is the world’s largest gold producer, followed by Australia and the US. Last year, China produced 361 tonnes of gold, which was six per cent higher than the preceding year. In 2011, over 1,800 tonnes of gold was mined in the top 10 countries.
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Old November 28th, 2012, 05:05 PM   #435
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NMDC urged to step up Karnataka mining

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Facing acute shortage of iron ore, steel and sponge iron producers of Karnataka have demanded that state-run NMDC, the only miner allowed to operate in the state, should take steps to increase its production and lower prices.

The industry that constitutes nearly a fourth of all steel produced in India is grappling with high operating costs that has seen 37 units shut shop this year. The average rate of utilisation inside the mills is just 50%.
"There are 37 units which are closed. Some of the units that have not closed down are operating at less than 25% capacity," said Seshagiri Rao, joint managing director, JSW Steel. "Even integrated steel plants like ours are facing shortages. Our plant is operating at just 68% capacity."

The industry has been facing shortages for well over a year after a Supreme Court ruling banned all iron ore mining activity in view of rampant illegal mining and disregard for environmental concerns. Only NMDC was allowed to operate at 12 million tonnes per annum.

"NMDC is not producing at the permitted levels of 12 million tonne per annum. In fact, it is operating at less than half the threshold," said Suketu Shah, joint MD, Mukand Steel. "It has also ignored international market rates and charging higher prices, making things difficult for us."

NMDC's recent two e-auctions of iron ore got less than 7% offtake as industry has stayed away due to high prices.

"In the last few auctions, the offtake has been less than 7%," said RK Goyal, MD, Kalyani Steels. "It shows that the price is too high even for the industry that is starved of iron ore."
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Old December 2nd, 2012, 02:25 PM   #436
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Machines back in action in Bellary

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Heavy machines spluttered to life after a gap of 18 months in the mines of the district on Saturday.

Activities resumed in the mines belonging to B Kumar Goud Mining Company and Nadeem Minerals, after they undertook reclamation and rehabilitation measures as ordered by the apex court.

Extraction of iron ore had been banned by the Supreme Court, following allegations of illegal mining.

The mining firms had been categorised as ‘A,’ ‘A+,’ ‘B,’ ‘B-1’ and ‘C’ categories, by the Central Empowered Committee (CEC) set up by the Supreme Court, based on the extent of illegality by them.

The CEC had also recommended that steps should be taken to prevent the irregularities and to reclaim areas affected by mining, after conducting extensive surveys of areas ravaged by mining.

A team of the Council of Forestry Research Education had also conducted surveys and recommended that the Supreme Court could grant permission for mining only to those firms that are in the A category and have taken reclamation and rehabilitation measures.

Srinivas, manager of the B Kumar Goud Mining Company, said their 220 employees had not been removed from their jobs, even after the cessation of mining by the firm. Residents from nearby villages were now making enquiries for jobs, he said.

However, permission is yet to be given to transport the mined ore and even the process to distribute permits has not yet been started. Permission would be given for selling ore only through the e-auction process, deputy commissioner A A Biswas said.

While B Kumar Goud Mining Company in the Swamimalai mines in Sandur taluk has been granted permission by the apex court to mine 6.4 lakh tonnes of iron ore a year, Nadeem Minerals can extract 4.5 lakh tonnes.

The Kumar Goud firm earlier used to mine 20 lakh tonnes a year. The Tiffin Barryates, another ‘A’ category company in Bellary taluk has also been given permission to extract ore and it is expected to begin operations soon.

With mining activities likely to resume in nine more A category mines soon, those looking for jobs see a glimmer of hope. Firms in other categories will get the sanction to extract ore after they complete the reclamation and rehabilitation measures.

Category breakup

There are a total of 21 mining companies in category A in the districts of Bellary, Chitradurga and Tumkur. The number of firms in the ‘A+’, ‘B’ and ‘B1’ categories are 24, 65 and seven, respectively.

The Supreme Court had stated that 16 ‘A’ category companies (12 in Bellary, three in Chitradurga and one in Tumkur) could be allowed to resume mining in the initial stages, if they adhered to reclamation and rehabilitation measures.

The licences of companies in ‘C’ category have been recommended for cancellation and allotment to others.
http://www.deccanherald.com/content/...n-bellary.html

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Old December 4th, 2012, 07:54 AM   #437
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Originally Posted by engineer.akash View Post
Machines back in action in Bellary



http://www.deccanherald.com/content/...n-bellary.html

Means more problem for Ghat roads and Highways of Coastal districts.
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Old December 16th, 2012, 12:30 PM   #438
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  • SLR Metaliks' integrated mini steel project at Bellary to be completed by January 2013
  • BMM Ispat starts civil work for Steel capacity expansion project at Hospet
  • BMM to commission electricity unit-IV at Hospet integrated steel project by end of December 2012
  • Aaress Iron & Steel's Koppal Integrated steel (Phase III) project still under plans
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Last edited by engineer.akash; December 16th, 2012 at 12:44 PM.
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Old December 17th, 2012, 08:09 AM   #439
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JFE to provide technology for CRNGO to JSW Steel

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JSW Steel, an integrated steel manufacturer and Japan's JFE Steel Corporation signed a joint agreement where JFE will provide technology for the production of non-oriented electrical steel sheets (CRNGO) at the JSW's Vijayanagar plant in Karnataka.

By leveraging JFE Steel's well-established manufacturing technology for electrical steel, shall produce CRNGO grade electrical steel and supply to its customers, including local companies as well as Japanese, European and US-affiliated companies doing business in India.

The electrical steel sheet products are primarily imported in India due to technological constraints and JSW Steel shall be in a position to cater to fast growing consumer and industrial applications market.

JSW Steel plans to start up its new annealing and coating line for electrical steel sheets in latter half of 2014. The initial annual output is projected to be 200,000 tonnes, which will be increased to 0.6 million tons per year in phases.
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Old December 23rd, 2012, 01:06 PM   #440
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Wildlife board rejects steel plant proposal

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The Karnataka State Wildlife Board has rejected a fresh application from Bhushan Steel Ltd. to set up a steel plant in Bellary district near the Daroji sloth bear sanctuary, Forest Minister C.P. Yogeshwar said on Saturday.

The Delhi-based company had proposed a 6-million tonne a year integrated steel plant on 4,000 acres of land during the Karnataka Global Investors’ Meet in June this year. The wildlife board had earlier rejected it on the grounds that it would harm Asia's only sloth bear sanctuary, close to the plant's proposed site.

The board has approved an attractive ‘wildlife hardship allowance’ for forest guards and watchers, the Minister said after a meeting of the board, chaired by Chief Minister Jagadish Shettar. Each staff will get 50 per cent of basic salary as the new allowance.
TH
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