Friday 22 May 2015

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Economy | Mining

Goa BJP also reduces mining lease fee, from 100% to 5%

The BJP-led Goa government today decided to drastically reduce the registration fee for mining leases from 100 per cent to five per cent of the stamp duty. READ

To benefit Goa, Centre cuts export duty on iron ore

India will cut an export tax on low-grade iron ore to 10 percent from 30 percent, Finance Minister Arun Jaitley said on Thursday, in a big boost for top exporting state Goa which is close ... READ

How can we mine with high export duty, asks mining industry

Iron ore exports from Goa are not likely to resume in near future due to various factors like 'steep' duty, upcoming monsoon season and pending regulatory permissions. READ

298 mining loans settled with OTS, over 7700 still pending

A large number of people dependent on mining industry in Goa who had huge bank borrowings have now opted for One Time Settlement Scheme launched by the state government fearing bad debts. READ

10-12 mines could start, raising revenue by Rs 742 Cr: Parsekar

The revenue from mining is expected to double in this financial year, with Goa government expecting at least 10 to 12 mines to start, if not all 22 cleared by the centre. READ

Ban lifted, but Goa mining won't start till Oct: Parsekar

The environment ministry may have lifted the ban on iron ore mining in Goa, but the coastal state's economic "lifeline" probably won't be functional till October, chief minister Laxmikant Parsekar told ET. READ

ECs of 72 mines revoked, with a warning; 40 more on hold

The Union Ministry of Environment and Forest (MoEF) has issued an order revoking suspension of environmental clearances (ECs) to 72 iron ore mines in Goa, giving some boost to the coastal state's economy. READ

Centre revokes suspension of Goa's mining ECs

Iron mining in Goa will soon resume as the Union Ministry of Environment and Forest today revoked the suspension of environmental clearances (ECs) of mines in the coastal state, Chief Minister Laxmikant Parsekar said. READ

Preparing budget not possible without mining revocation: CM

The existing suspension of environment clearances (ECs) of mining leases by the Centre is casting a shadow on budget preparations in Goa, where the Government is pushing for its revocation. READ

Mining industry expects union budget to scrap export duty

Mining industry players in Goa today said they are expecting the central government to scrap export duty on iron ore in the Budget tomorrow. READ