Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Mining extraction will be on pro rata basis.


Date: 11-03-2015
Subject: Mining extraction will be on pro rata basis
PANAJI: In a major decision on mining, the state government has decided that the extraction of 20 million tonnes of iron ore would be done on pro-rata basis in 89 mining leases which was renewed by the state government. This means that every lease holder would be allowed a maximum of around 50% of the iron ore extraction as per the EC limit.

Speaking to TOI, director of mines and geology, Prasanna Acharya, said that the state government will now write to the ministry of environment, forest and climate change (MoEF) about the decision to implement a pro rata basis of extraction of iron ore in Goa. The Supreme Court had lifted the ban on mining in Goa in April 2014 following which the state government had lifted its ban on January 16, 2015. For mining operations to now commence, the MoEF has to lift the suspension it had imposed in the state.

According to the present EC limit, mining companies could extract 42 million tonnes of iron ore in 89 mining leases for the entire year, but now that limit has been capped to 20 million tones as fixed by the Supreme Court. The state government had considered three options before taking a decision to allow extraction of mining through pro-rata basis. The other two options before the government was on cluster-basis and capping depending on infrastructure facilities available in different areas.

Mining department sources said that the supreme court appointed an expert appraisal committee to study the capping of 20 million tonnes of mining of iron ore in the state and after the committee submits its report, a final decision would be taken by the SC if it has to be revised. The committee is likely to submit the report to the apex court in April this year.

Before mining came to a halt, Sesa Goa Ltd and Sesa Resources Ltd together exported over 14 million tonnes, Fomento's Sociedade de Fomento Industrial Pvt Ltd, Prime Mineral Exports Pvt Ltd, Fomento Exports Pvt Ltd, and Infrastructure Logistics Pvt Ltd exported over 7 million tonnes per annum. But as per the pro-rata basis, Sesa would now be allowed to extract 7 million tonnes and Fomento group will be allowed to extract 3.5 million tonnes per annum.

Similarly, the new limits for extraction for V M Salgaocar and Bro Pvt Ltd would be 1.40 million tonnes, Chowgule and Co Pvt Ltd limit 1.83 million tonnes, and Pandurang Timblo group around 1 million tonnes.

Chief minister Laxmikant Parsekar has written two letters to the MoEF to revoke the suspension of EC clearances which were kept in suspension in September 2012.

Source : timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 12-11-2025
Notification No. 32/2025-Customs (ADD)
Seeks to impose anti-dumping duty on Hot-rolled flat products of alloy or non alloy steel originating in or exported from Vietnam

Date: 07-11-2025
Notification No. 31/2025 -Customs (ADD)
Seeks to impose anti dumping duty on imports of “Flax or Linen fabric having flax content of more than 50%” originating in or exported from China and Hong Kong

Date: 04-11-2025
Notification No.73/2025-Customs (N.T.)
Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2025 by amendment of Principal Notification No. 68/2019-Customs (N.T.) dated 30th September, 2019

Date: 31-10-2025
Notification No. 72/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-10-2025
NOTIFICATION No 68/2025-Customs (N.T.)
Assignment of Proper Officer under section 18A

Date: 30-10-2025
NOTIFICATION No. 69/2025-Customs (N.T.)
Levy of Fees (Customs Documents) Amendment Regulations, 2025

Date: 30-10-2025
NOTIFICATION No. 70/2025-Customs (N.T.)
Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025

Date: 30-10-2025
NOTIFICATION No. 71/2025-Customs (N.T.)
Conditions, where no revision allowed under Section 18A

Date: 23-10-2025
NOTIFICATION No. 66/2025 - Customs (N.T.)
Notification of ICD Malur, Kolar District, Karnataka u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962.

Date: 18-10-2025
NOTIFICATION No. 17/2025 – CENTRAL TAX
Seeks to extend date of filing GSTR-3B.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001