Sunday 2 August 2015

Otmane El Rhazi : India’s Supreme Court directs auction of 15 Karnataka iron-ore mines

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

India’s Supreme Court has directed that 15 iron-ore mines in the southern province of Karnataka will have to be put up for auction and the process completed within the next 32 weeks. The apex court order would impact even those mines that had been brought back into production in 2013 after the court had imposed a two-year ban on mining operations in the province. The resumption of mining was on condition of a cap in total production of 30-million tons a year.

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