Archive for the ‘Mining’ Category

JSW Steel bags iron ore mines in Odisha

February 6, 2020 Leave a comment

Recently, JSW Steel won the largest iron ore block, the Nuagaon mine, in Odisha with estimated reserve of around 118.92 million tonnes. The company has already bagged two mines — Nuagaon and Narayanposhi — with a total reserve of 980 million tonnes.

Next on the line for auction is Jilling-Langalota iron ore block with an estimated reserve of 72.84 million tonnes in Odisha’s Keonjhar district. Among the nine technically qualified bidders, Adani Enterprises, Serajuddin & Co, JSW Steel, Rungta’s Feegrade and ESSEL Mining Industries have emerged as the top contenders.

Tender for Coal Mining Block Floated

December 24, 2015 Leave a comment

The state government has floated tender for the Ghorhaburhani-Sagasahi Iron Ore Block in the state. The last date for submission of tender document is February 10, 2016.

Mining Tender

Categories: Mining

State to spend Campa fund in mining area

June 29, 2013 Leave a comment

The Odisha government has decided to focus on providing basic amenities in tribal villages in mineral bearing areas by arranging money from Compensatory Afforestation Fund Management and Planning Authority (Campa).

A high-level meeting led by Chief Minister Naveen Patnaik decided to spend Campa funds to carry out a host of developmental activities through a Special Purpose Vehicle (SPV) with major thrust on the sectors like education, healthcare and drinking water.

It was also decided in the meeting to take up afforestation in an extensive way, so that each forest circles and district would have a mega nursery. So far, about 75 nurseries have been opened up out of the total 282 units proposed in different forest ranges. Campa was constituted in 2009 as per the direction of the Supreme Court, which asked all the state governments to carry out developmental activities in the mineral rich areas with funds collected from agencies operating in mining areas. The apex court had directed states to deposit the collected amount with an ad-hoc fund of the central government. The role of Campa is to provide money to mineral bearing states to spend on a host of activities like forest and wildlife conservation and afforestation.

Categories: Mining Tags: ,

Odisha not to renew MoU of Deepak Steel

June 28, 2013 Leave a comment

The Department of Steel and Mines, Government of Odisha has decided not to renew the MoU signed with Deepak Steel and Power Ltd after the promoter of the company was found to be involved in illegal mining activity.

The Department has cancelled the trading licence of the company and asked the miners not to sell iron ore to the firm. The company operating Uliburu iron ore mines in Joda mining circle under the power of attorney received from original lease holder B K Mohanty, is accused of raising ore from an adjacent plot categorised as reserve forest area and is said to have made money worth Rs 1,800 crore by exporting the mineral.

In 2005, Deepak Steel & Power Ltd had proposed to set up a 0.25 million tpa steel plant at Topodih (Barbil) entailing an investment of Rs 195.31 crore. In 2010, the company was asked to expedite work on its project and furnish a report to the state government on the state of land acquisition and actual investments grounded as soon as possible. It was warned that if it failed to submit the details then its MoU may be cancelled.

Miner B K Mohanty, who had authorised Gupta to operate the iron ore lease, has been issued notice by the Joda deputy director of mines (DDM) for illegal mining and selling of minerals worth Rs 1,776 crore.

Meanwhile, the Shah Commission has asked for clarification on the illegal activities in Mohanti’s lease-hold area.

Joint team inspects iron ore mines

June 22, 2013 Leave a comment

A joint team of state officials conduced field verification of mining leases of Tata Steel, Odisha Mining Corporation (OMC), Serajuddin & Company and Kalinga Mining Corporation (KMC) in the iron ore rich Joda sector to oversee any possible encroachment of lease boundaries.

The team inspected Tata Steel’s Khandabandh mines and Guruda mines of Serajuddin & Company.

As per the instructions of the Shah commission, the state government had constituted five teams- one each for three mining circles in Keonjhar district and two mining circles in Sundergarh district. Each of the teams consisted of two members each from the departments of revenue, forest and steel & mines. These committees were headed by a scientist from Odisha Space Application Centre (ORSAC).

These five teams were supervised by two district level committees headed by the collectors of Sundergarh and Keonjhar districts. Moreover, a state level committee was formed under D Biswal, additional secretary (forest & environment).

The committee’s responsibility was to ascertain if a mine owner undertook mining beyond lease area.

Govt extends deadline of applications for allotting coal mines

January 31, 2013 Leave a comment

The Ministry of Coal has extended the last date for receipt of applications for allotting 17 coal mines to public sector firms.

The Ministry has extended the last date of receipt of applications for allocation of 17 coal blocks to the Government companies/undertakings to 8 February 2013 from 30 January 2013. The coal blocks have estimated reserves of 8.45 billion tonne. The blocks included Jilga-Barpali, Baisi, Banai, Bhalmunda, Kente and Kerwa in Chhattisgarh; Gowa, Pachwara South and Kalyanpur-Badalpara in Jharkhand; Mahajanwadi in Maharashtra; Kundanali-Laburi, Sarapal-Nuapara, Tentuloi, Chandrabila and Brahamani in Orissa; Gandbahera-Uhhenia block in Madhya Pradesh and Deocha-Pachami-Dewanganj-Harinsingha in West Bengal.

It had invited proposals from PSUs for allotment of mines to them, mostly for captive power plants in December 2012. The process of allocation of mines were initiated under the amended provisions of MMDR (Mines and Mineral Development and Regulation) Act and Rules framed thereunder. In the first round, the Government proposes to allocate coal blocks to the government companies, central and state, for specific end use (power) and coal mining.

Visa Steel, SunCoke Energy to form JV

November 23, 2012 Leave a comment

VISA Steel and SunCoke Energy, Inc have signed agreements to form a coke-making JV in India.

SunCoke Energy will invest approximately Rs 368 crore to acquire a 49 per cent stake in the JV while VISA Steel will hold the remaining 51 per cent. The JV, which will be unlevered at closing, will be comprised of VISA Steel’s existing 4,00,000 tpa heat recovery coke plant and associated steam generation units at Kalinganagar in Odisha. The transaction is expected to close in the first quarter of 2013, subject to customary conditions, including approval from VISA Steel shareholders.

OMC to supply iron ore to Adhunik Metaliks

July 31, 2012 Leave a comment

Orissa Mining Corporation (OMC) has signed long-term sales agreements with Adhunik Metaliks and Rexon Strips to supply iron ore for next five years from its Kurmitar Pahar mines in Khandadhar area in Koira mining circle of Sundergarh district.

These companies will get one million tonne iron ore every year for a period of five year from Kurmitar mine (Khandadhar). Adhunik Metaliks and Rexon Strips have agreed to develop a conveyor belt system in the area to augment iron ore evacuation from the mine, which is spread over 1,212 ha and estimated to have over 60 million tonne iron ore deposits. These companies will invest between Rs 100 to Rs 150 crore on their own in setting up the conveyor belt in lieu of our commitment to supply them iron ore continuously for five years at prevailing market rates.

OMDC receives MoEF clearances

July 26, 2012 Leave a comment

Orissa Minerals Development Company has received environment clearance from the MoEF vide letter dated 23 July 2012 (issued on July 24, 2012) for production of 3 million tpa of iron ore and 0.24 million tpa of Manganese Ore (ROM) for its KoIha-Roida Iron and manganese mines (254.952 ha).

EoIs invited for development of Sukinda Chromite mine

August 7, 2010 Leave a comment

Tata Steel has invited EoIs from reputed companies/JVs/contractors for mine development works in Sukinda Chromite mine in Jajpur district of Orissa.

The work involves development of

Two declines (8 degree) of about two km length
Excavation of drives/drifts, crosscuts and raises
Other related underground excavations
The last date of submission of bids is 5 September 2010.

Categories: Mining

Eight companies evince interest in coal mining in Angul

March 18, 2010 Leave a comment

The Orissa Government has received proposals from eight companies interested in undertaking coal mining in Angul district.

The state government has issued terms and conditions for mining operation in favour of four companies. They are Jindal Steel and Power (JSPL), Monnet Ispat and Energy, Utkal Coal and Kalinga Mines.

Meanwhile, the proposals of four others are under process. They are NALCO, Tata Sponge Iron, Bhushan Steel and Mandakini Coal.

JSPL has signed an MoU with the state for establishment of a six million tpa steel plant. Similarly, Monnet Ispat has also inked MoU for setting up a 0.25 million tpa steel plant.

Categories: Mining Tags: ,

IDCOL asks IIT Kharagpur for prospecting of Tangarapada mines

December 9, 2009 Leave a comment

The Orissa Industrial Development Corporation (IDCOL) has asked the Indian Institute of Technology (IIT), Kharagpur, to take up geo-physical survey of the Tangarapada chrome ore mines.

IIT is to submit the prospecting report by March 2010 after which IDCOL will finalise the MoU with the Orissa Mining Corporation (OMC) to form a JV. OMC has already submitted the draft MoU to IDCOL.

After the IIT report is obtained, it is to be super imposed on the survey report of the Directorate of Geology to find out the areas where there is concentration of chrome ore to take up drilling. Based on the resource estimation, IDCOL will initiate steps for obtaining the Union MoEF clearance for the proposed venture.

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