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

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?