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Time of India
25-05-2025
- Business
- Time of India
Mining ops at 40 low-grade ore dumps to resume soon
Panaji: State govt is in the process of resuming operations at around 40 low-grade iron ore dumps located in different areas. It is also in process of auctioning over 20 low-grade dumps besides directly allotting over 16 dumps to former leaseholders. The state has set a target of exporting 25 million tonnes of low-grade iron ore. ' E-auction of dumps will begin soon. We are in the process of identifying more dumps for auction besides the 18 dumps which were already put up for auction. We have received 15 applications from erstwhile leaseholders to handle low-grade iron ore which is outside the mining lease,' director of mines and geology (DMG) Narayan Gad told TOI. Govt postponed the auction of 18 low-grade iron ore dumps to Jan 30. It was supposed to take place in four phases. Initially, the auction was scheduled to be held from Jan 22 to 25. In all, govt received 125 bids for the 18 dumps. A total of 173 mining companies and traders showed interest. A reserve price of 22% for the first e-auction of low-grade iron ore dumps was fixed. In case the Indian Bureau of Mines price is Rs 100 per tonne for low-grade iron ore and the mining companies purchase the ore at auction at the 22% reserve price, the companies must pay Rs 22 per tonne to govt. Govt also fixed criteria for traders and mining companies to participate in the e-auction — the bidders should have a minimum net worth of Rs 25 crore. Govt put up the 18 low-grade ore dumps with a total quantity of around 30 million tonnes for auction. The Supreme Court allowed Goa govt to conduct dump mining activity in the state in accordance with an expert committee's report. Accordingly, the policy for regulating iron ore dump handling was notified on Sep 14, 2023. The Dump Handling Policy, 2023, paved the way to deal with the 700 million tonnes of low-grade ore lying inside and outside mining leases across Goa and to export 25 million tonnes per annum. Goa iron ore mines: Image for representation
Time of India
24-05-2025
- Business
- Time of India
Handling of low-grade iron ore to begin soon in state
Panaji: The handling of low-grade iron ore is set to start in the state as the directorate of mines and geology (DMG) granted final approval to Chowgule and Company Pvt Ltd to handle 3 lakh tonnes of low-grade iron ore lying outside the mining leases at Shirgao at a premium of 22%. This is the first time since mining activities came to a halt in Sep 2012 that any mining company has been allowed to handle the dumps. 'Chowgule and Company Pvt Ltd can start dump handling any time. They have got environmental clearance (EC) and the consent to operate from the Goa State Pollution Control Board, among other necessary permissions. We gave them permit to start dump handling,' DMG director Narayan Gad told TOI . The DMG received applications from many companies to handle iron ore dumps across the state. TOI had reported that state govt was exploring the option of letting mining companies handle low-grade iron ore dumps in line with the quantity they declared, if it corresponds to their mining plan approved by the Indian Bureau of Mines. State govt empanelled four agencies to conduct a dump profile study of the low-grade iron ore in Goa on a pilot basis. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Sai Universal Mining Services, Global Environmental and Mining Services, Minerals Lab Services Pvt Ltd, and Sinha Mining Consultancy will conduct quantity and quality assessments of the ore. Nineteen mining companies, in their applications to govt, said they want to handle around 55 million tonnes of low-grade iron ore in the state. Chief minister Pramod Sawant said that with the low-grade iron ore stock of Goa, mining activities can run for the next five years without any problem. The ore lies in the talukas of Bicholim, Sanguem, Dharbandora and Sattari. A senior official said that state govt filed an affidavit in Supreme Court stating that mining companies have to get green nods to handle dumps. Govt decided to allow only mining companies, leaseholders, and exporters to participate in the auctioning of the dumps.
