Goa govt sanctions policy to export rejected iron ore
COAL & MINING

Goa govt sanctions policy to export rejected iron ore

The Goa cabinet approved a policy on Wednesday that will allow the export of iron ore dumps, allowing mining to resume in the coastal state for the next four to five years.

Chief Minister Pramod Sawant told the media that 10 to 20 million mt of low-grade iron ore lay outside mining leases and could be exported as part of the policy.

Sawant said that Goa has enough ore to keep mining going for another four to five years. This ore can be found in various locations throughout the state.

Sawant told the media that the policy of the state government will bring mining dumps on public and private lands into order.

The chief minister informed that the State Land Revenue Code had previously empowered the state government to levy fines in cases where land was used for dumping mining rejects or similar materials without permission.

Sawant said that The dumps can now be exported as a result of a recent amendment to the Minerals Other than Atomic and Hydro Carbons Energy Mineral Concession Amendment Rules, 2021, which took effect on November 12, 2021.

The state government can allow the lessee to dispose of the mineral by obtaining permission from the Indian Bureau of Mines and paying a royalty to the state government, according to the Central rule.

The overburdened ore, waste rock, or ore with a value below the threshold generated during the mining or beneficiation of minerals can be exported, according to the chief minister.

Image Source

The Goa cabinet approved a policy on Wednesday that will allow the export of iron ore dumps, allowing mining to resume in the coastal state for the next four to five years. Chief Minister Pramod Sawant told the media that 10 to 20 million mt of low-grade iron ore lay outside mining leases and could be exported as part of the policy. Sawant said that Goa has enough ore to keep mining going for another four to five years. This ore can be found in various locations throughout the state. Sawant told the media that the policy of the state government will bring mining dumps on public and private lands into order. The chief minister informed that the State Land Revenue Code had previously empowered the state government to levy fines in cases where land was used for dumping mining rejects or similar materials without permission. Sawant said that The dumps can now be exported as a result of a recent amendment to the Minerals Other than Atomic and Hydro Carbons Energy Mineral Concession Amendment Rules, 2021, which took effect on November 12, 2021. The state government can allow the lessee to dispose of the mineral by obtaining permission from the Indian Bureau of Mines and paying a royalty to the state government, according to the Central rule. The overburdened ore, waste rock, or ore with a value below the threshold generated during the mining or beneficiation of minerals can be exported, according to the chief minister. Image Source

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement