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Govt considering ore license for $12 bn steel project

Govt considering ore license for $12 bn steel project

Unconfirmed reports indicate that the union government is considering to provide an iron ore exploration licence to South Korean firm POSCO for its planned $12 billion steel plant in Jagatsinghpur, Odisha. Granting of this license may expedite the long-delayed steel project, which is said to be the largest forei

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Stemcor holds parleys with JSPL on selling local unit

Stemcor holds parleys with JSPL on selling local unit

Unconfirmed reports indicate that Stemcor is holding discussion with Jindal Steel and Power (JSPL) to sell its Odisha-based unit, Brahmani River Pellets (BRPL). BRPL, which is a unit of the US-based steel trader, owns a pellet plant at Jajpur in Odisha. The pellet plant gets iron ore through a 220-km underground slurry pipeline from BRPL's 4-million tonne per annum bene

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Odisha govt’s resolution does not pass legal scrutiny

Odisha govt’s resolution does not pass legal scrutiny

Media reports indicate that the Odisha government may withdraw its earlier decision to mandate mine lessees in the state without end-use plants to sell at least 50 per cent of their output to local industries. On December 5, 2012, the steel & mines department notified the resolution to this effect. However, the law department of the state government has not cleared the resolution as it feels the move may not p

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Odisha govt to get panel report on ore linkage

Odisha govt to get panel report on ore linkage

By July 15, Odisha government would get a report on long-term ore linkage policy for local industries from the inter-ministerial committee set up for this purpose. The state government set up the panel to suggest measures for making iron ore, manganese, bauxite and chrome ore available to the mineral-based industries in the state in a fair and equitable manner through
the state mine PSU, Odisha Mining Corporation (OMC) and

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Odisha govt to get panel report on ore linkage

Odisha govt to get panel report on ore linkage

By July 15, Odisha government would get a report on long-term ore linkage policy for local industries from the inter-ministerial committee set up for this purpose. The state government set up the panel to suggest measures for making iron ore, manganese, bauxite and chrome ore available to the mineral-based industries in the state in a fair and equitable manner through
the state mine PSU, Odisha Mining Corporation (OMC) and

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Odisha govt to introduce e-auction after conducting study

Odisha govt to introduce e-auction after conducting study

Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in

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Odisha govt to introduce e-auction after conducting study

Odisha govt to introduce e-auction after conducting study

Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in

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Govt to table 1st report of panel in Parliament

Govt to table 1st report of panel in Parliament

The government would table the first report of the Justice MB Shah Commission on the alleged illegal mining activity in Odisha in Parliament soon. Recently, the panel submitted the 1,500 page-long first report to the Union mines ministry. Although the report is not in public domain, it is felt that
the report may contain preliminary observations, suggestion and overall findings besides conclusions on illega

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ASSOCHAM opposes relaxation of export ban on ore

ASSOCHAM opposes relaxation of export ban on ore

Industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Odisha government oppose the centre's possible move to relax the export ban imposed earlier on iron ore. In fact, Odisha governments wants the centre to ban ore export completely as it argues that a number of industries in the state are facing shortage of the raw materia