May 13, 2021
The said Stay Order would prohibit
The Karnataka government has High titanium
iron Suppliers deferred the auction of the Donimalai iron ore mine."The
government of Karnataka has identified one iron ore mine for electronic auction
for grant of mining lease and accordingly NIT (Notice Inviting Tender) was
issued dated August 20, 2019, on MSTC website for Donimalai Mine (earlier held
by NMDC) ML no 2396," according to a notice by the state government."The
schedule of the auction process for the said mine is hereby deferred until
further notice," it added."
The said Stay Order would prohibit the Government of
Karnataka to take any further action regarding mining lease or initiate auction
process of Donimalai mine," NMDC recently said in a statement.However, the High
Court of Karnataka last month set aside the governments move.Earlier, the firm
was in a legal battle with the state government over the issue of imposition of
80 per cent premium on the sale price of the iron ore extracted from the
Donimalai mines..The state had earlier withdrawn the extension of the mining
lease granted to NMDC for the mine in November 2018 for a 20-year period.The
development comes soon after the Centres Mines Tribunal kept in abeyance the
cancellation of mining lease of the block by the state government extended to
NMDC Ltd.Challenging the decision, the public sector undertaking moved the
Tribunal, which heard the petition on August 21 and stayed the order
Posted by: particleszbh at
03:28 AM
| No Comments
| Add Comment
Post contains 237 words, total size 2 kb.
10kb generated in CPU 0.0041, elapsed 0.017 seconds.
33 queries taking 0.0136 seconds, 44 records returned.
Powered by Minx 1.1.6c-pink.
33 queries taking 0.0136 seconds, 44 records returned.
Powered by Minx 1.1.6c-pink.