· In what could be termed as a game changer for the Goa mining industry, the Union government has reduced the export duty on iron ore below 58-grade from 50% to nil. The decision of the Centre,
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· The state is traditionally known as a tourist paradise, but it also has a robust presence in agriculture and fisheries as well as mining (iron ore and manganese). Being one of the highest literacy rates in the country, the flourishing set of knowledge-based industries, including pharmaceuticals, biotechnology, and IT, are exploring more
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· As many as 88,000 to 89,000 workers are employed in the mining industry in Goa, Timblo said. "As companies, nobody wants to remove anybody as of now." Last month, the Supreme Court had quashed the second renewal of iron ore mining leases given to 88 companies in the state in 2015.
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· Panaji: Over a decade after Goa’s mining sector was closed, the state is finally looking to once again earn sizable revenue from the industry, with the ball set rolling to export 45 million
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· PANJIM: While demanding withdrawal of export duty for low grade iron ore as well as State levies, mine owners and exporters have raised worries that despite falling prices some players in Australia and Brazil are adding capacities causing apprehensions in the mind of rest of the suppliers.
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· In what could be termed as a game changer for the Goa mining industry, the Union government has reduced the export duty on iron ore below 58-grade from 50% to nil. The decision of the Centre
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The mining industry in Goa on Monday said the budgetary proposal to abolish export duty on low grade iron ore would give it a leg up at a time of global downturn.
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· Chandrasekhar Shirodkar, 48, returned from Saudi Arabia in the early 1990s. When he came back to Maem, a village in the north-eastern mining belt of India’s western state Goa, he decided to buy a truck. “Mining was a booming industry in Goa, and I thought I would earn a good living with the truck.
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About Us. GOA MINING AND SPAREPART PVT. LIMITED, a company registered under Companies Act is established since 2001 in Goa India. We import and export a wide variety of spare parts used in construction and mining machinery viz. Caterpillar, Kobelco, Komatsu & Hitachi etc. We are also dealing with trading of used heavy machinery (construction
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· Panaji: The iron ore mining industry in Goa is wary of the 10 percent hike in export duty imposed by the Ministry of Commerce and said this taxation would further “cripple the trade”. On December 30, the Ministry had announced a hike in export duty from 20 per cent to 30 per cent on all types of iron ore grades.
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· The state govt has decided to reduce the stamp duty by 60% for mining lease deeds, following representation by mining companies. The govt will issue the Indian Stamp (Goa Amendment) Ordinance, 2024.
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· Several hundred mining leases were allotted to residents, out of which nearly 100 were in operation until 2012 when a Rs 35,000 crore mining scam led to the first Supreme Court ban on the industry.
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4 | P a g e E&OE 1.1.12 To take steps to promote geo-tourism. 1.1.13 To promote private sector participation in various aspects of mineral development, which includes exploration, infrastructure building, mining and other mining related
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· After 6 yrs, mining ops begin in state. Goa's mining industry reopens as Vedanta Sesa Goa resumes operations at Bicholim, marking a pivotal moment for economic revival. The mining sector's revival
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Sesa Goa Limited wins the prestigious Sustainable Asian Mining Project of the Year award instituted by the Asian Mining Congress for 2008 Sesa Goa Limited is adjudged the Best Established Value Creator (large companies) for 2008 by Outlook Money NDTV Profit Awards 2007-2008.
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· India contributes 8% of the world's total iron ore export, of which Goa handles half. Australia and Brazil account for a majority of the world's iron ore exports-around 75% of the total exports.
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12 Sep 2022, 5:22 pm. The silence in the mining pits of Goa has taken a portentous character. A decade after mining operations were summarily brought to a halt by the then government via an order dated September 10, 2012, Goa struggles to restart operations, but its efforts have only succeeded in it being sucked deeper into the pit.
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· The Goa’s Foundation’s legal work on mining, stretching 30 years – from 1992 – culminated in a comprehensive Article 32 writ petition filed by it in the Supreme Court of India in 2012. The Foundation based its petition on the findings of the Justice M.B. Shah Commission of Enquiry into Illegal Mining in Goa.
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· This will bring the mining industry back in Goa. It will create employment and boost the economic activity,” FIMI Secretary General R K Sharma said after a judgement today by the Supreme Court. The apex court today partially lifted the mining ban in the state and allowed 20 million tonnes of iron ore to be extracted annually.
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· Stating that Goa can become a manufacturing and export hub, GCCI president Ralph De Sousa said, “After the mining crisis, there is a huge gap and in spite of this, Goa achieved $1.7 billion of
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· The Dollar Business Bureau Mining firm Vedanta on Monday resumed operation in the iron ore mines of Goa after getting approvals to extract 5.5 million tonnes of minerals.The mining operation had been stalled in the
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· The iron ore industry in Goa came to a standstill after the Supreme Court quashed 88 mining leases in February 2018, affecting the livelihoods of over three lakh mining dependents
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· With environmental concerns addressed and regulatory frameworks in place, the mining industry is poised for a responsible restart. This move holds immense promise for Goa's economic landscape, injecting vitality into a sector that has been dormant for an extended period.
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· The Goa Mineral Ore Exporters’ Association (GMOEA), which has been supporting the export trade of iron ore in Goa since 1963, claims in a white paper that the country has lost around 25% of the state’s GDP since the suspension on mining was issued. However, Judge Shah estimated that through illegal mining Goa had lost 127
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· Another Election Show. The trials of Goa’s mining industry: A problem of politics, people and private industry. Iron ore mining is a lifeline industry in the state, and it becomes a hot-button topic during every election season. By: Atul Chaurasia. 10 Feb, 2022.
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4.1. Mineral profile of the State of Goa 11-12 4.2. Strategic importance of minerals for the State 12-13 4.3. Mining process in the State 13-15 4.4. Contribution of mineral resources in the revenues of the State 15 4.5. Short-listing of resources for this study5.
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· "The export duty is inversely proportionate to the state's royalty generation. It will certainly impact the state coffers," a senior Goa Mines and Geology Department official said, requesting anonymity.
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· Goa’s iron ore mining stuck at a crossroad. by Supriya Vohra on 22 December 2020. Three years since iron ore mining was shut down due to a court order, various stakeholders of Goa’s mining industry are looking at all possible solutions to resume it. Ranging from the extension of mining leases, auctioning of mines, setting up
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· BJP’s Chandrakant Shetye and Congress MLA Michael Lobo introduced a motion to draw notice to Vedanta’s layoffs. Nearly 1,200 employees, they claimed, have received the warning with only 14 days’ pay. They claimed that nearly 4,000 – 5,000 workers would be retrenched in the upcoming days. The Directorate of Mines and Geology has
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· Presently, Goa has over 7000 small scale industrial units as well as 150 large and medium scale industries employing over 55,000 people. The State has also developed 20 industrial estates; some of them established at Verna, Kundaim, Corlim, Tivim, Honda, Madkai, Sancoale, attracting leading companies to set up their shops.
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