Supreme Court stays NGT’s order to stall mining operations of Vedanta’s iron ore mines in Goa

The Supreme Court of India stayed the National Green Tribunal’s (NGT) last month’s order of stalling operations of Vedanta’s mining plant at Dharbandora in Goa for lack of mandatory environmental clearance.  A Bench led by Justice LN Rao, while staying the NGT’s March 4 order, also sought response from Goa Foundation, an NGO, which had […]

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Pacific Investment Management to pull out of future Adani Ports investment on environmental concerns

Pacific Investment Management Co. (PIMCO), which is seeking to decarbonise its investment portfolio, has stopped participating in the bond offerings of Adani Ports & Special Economic Zone Ltd. because of Adani’s links to a controversial coal project Australia.  Pimco, which is owned by Germany’s Allianz SE, did not participate in Adani Ports’ $500 million bond […]

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Indian parliament passes bill to boost private investment in mining amid opposition protests

The Indian parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021 which seeks to bring more reforms in mining sector for boosting private investment and creating more jobs. However, opposition parties demanded a select committee scrutiny of the bill, saying the government may face the same backlash against this Bill as they […]

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Swiss refiner says develops “geoforensic passport” to verify gold’s original mines to ward off illegal supply

One of the world’s biggest gold refiners in Switizerland said it had developed a way to quickly confirm where gold had been mined, potentially stopping illegal gold from entering supply chains. Metalor, with plants in the United States and Asia, said it devised the method with the University of Lausanne in a 26-month-long research project. […]

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Vedanta’s mining plant needs environment clearance to operate: NGT

A bench headed by the National Green Tribunal (NGT) Chairperson Justice Adarsh Kumar Goel has ruled that Vedanta’s mining plant in Dharbandora area in Goa cannot operate without obtaining Environment Clearance (EC). “Accordingly, we hold that the application is maintainable and requirement of prior EC for operating the plants in question by Respondent no. 4 (Vedanta) […]

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India’s Odisha state says ArcelorMittal to invest Rs 50,000 crore for a new steel project

Billionaire Lakshmi Mittal is revisiting a plan to set up a large greenfield steel plant in the mineral-rich Odisha, according to the state government. ArcelorMittal-Nippon Steel India (AM/NS India), a 60:40 joint venture between world’s largest steelmaker ArcelorMittal and Japan’s Nippon Steel inked an agreement with the Odisha government to set up a 12 million […]

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Hutti Gold Mines in Karnataka to triple production in one-and-half years

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India’s only gold producer Hutti Gold Mines plans to triple annual production of the yellow metal to 5,000 kgs in one-and-a-half years, according to Karnataka Mines and Geology Minister Murugesh R Nirani. Nirani, who completes one month in office as cabinet minister in the BJP-ruled Karnataka government, added that due to COVID-19, the revenue from mines […]

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