Tuesday 13 October 2015

Goa's Oldest Online News Portal

Economy | Mining

At slashed price, Goa miners ready to export 20 MT ore

Miners in Goa expect to sell 20 million tonnes (MT) of iron ore that they have been allowed to mine from the state and are prepared to slash prices in a bid to make their ... READ

With poor response for e-auction, Goa Govt urges SC to reduce ore price

Goa government has requested the Supreme Court to allow to e-auction the iron ore at a realistic price by reducing the existing price. READ

Mining capped at 20 MT; Vedanta alone plans 25% of its export

London-listed metals group Vedanta resources Plc said it would export 5.5 million tonnes (mt) of iron ore from its mines in Goa by March as the company restarts operations with the permission of the country’s ... READ

MMTC comes to Goa's rescue to sell unauctioned iron ore

The Goa government has roped in Central public sector unit MMTC Ltd to sell 11 million tonnes of iron ore lying with it since the Supreme Court clampdown on illegal mining in the state. READ

Why and How 88 mining lease renewals are blatantly illegal

How Goa government could renew the mining leases when they have actually expired in 2007 and why fresh leases were not granted, asks Goa Foundation, while demanding CBI inquiry into the lease renewal. READ

Vedanta wants rise in ore cap to survive in Goa

Diversified natural resources company, Vedanta Ltd has urged the government of Goa to raise its iron ore production quota in the state for survival. The company seeks diversion of other miners' quota to it. READ

"Cancel mining leases, auction like coal blolck; Goa earns Rs 80K Cr"

Goa Foundation has challenged the renewal of 88 mining leases before the Supreme Court, claiming it to be blatantly illegal and causing a loss of nearly Rs 80,000 crore to Goa’s state treasury. READ

11th attempt on Tue to e-auction Goa's low-grade ore

The 11th e-auction of iron ore across Goa will kick off tomorrow. READ

MMTC comes forward to help export Goa's ore for better price

Minerals and Metals Trading Corporation Limited, India’s largest exporter of minerals from India, has assured to dispose off Goa’s iron ore lying at different places and market it at best possible price in the international ... READ

More to lose jobs at Vedanta in Goa?

Mining conglomerate Vedanta has started a major cost cutting drive at its iron ore business in Goa amid subdued market sentiments and depressed prices of the commodity in global markets. READ