Business Standard

SC concludes hearing in Posco mining case

Asks state, Posco and Geomin to give written submissions by Apr 5

BS Reporter  |  Bhubaneswar 

The Supreme Court on Thursday concluded two year long hearing on a case related to grant of mineral prospecting licence (PL) for iron ore mines in favour of and reserved the judgment.

It has directed all the parties concerned, such as the Odisha government, Posco-India and Geomin Minerals and Marketing (P) Ltd to give their written submissions by April 5. Earlier, the division bench of in July 2010 had set aside the state government’s January, 2009 recommendation for granting PL in favour of after Geomin Minerals and Marketing (P) Ltd contested it in the court. The court had directed the government to reconsider the applications of other aspirants for the same mine who had submitted their applications prior to



Geomin and other claimants for the property had argued that the state government did not consider their applications, some of which were submitted as early as 1991 and instead, recommended Posco’s case, which applied in 2005.

The state government and had moved Supreme Court against the decision of the High Court in October, 2010. The mines is spread over 2,500 ha area and is estimated to have 600 million tonne high grade iron ore deposits.

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SC concludes hearing in Posco mining case

Asks state, Posco and Geomin to give written submissions by Apr 5

Asks state, Posco and Geomin to give written submissions by Apr 5 The Supreme Court on Thursday concluded two year long hearing on a case related to grant of mineral prospecting licence (PL) for iron ore mines in favour of and reserved the judgment.

It has directed all the parties concerned, such as the Odisha government, Posco-India and Geomin Minerals and Marketing (P) Ltd to give their written submissions by April 5. Earlier, the division bench of in July 2010 had set aside the state government’s January, 2009 recommendation for granting PL in favour of after Geomin Minerals and Marketing (P) Ltd contested it in the court. The court had directed the government to reconsider the applications of other aspirants for the same mine who had submitted their applications prior to

Geomin and other claimants for the property had argued that the state government did not consider their applications, some of which were submitted as early as 1991 and instead, recommended Posco’s case, which applied in 2005.

The state government and had moved Supreme Court against the decision of the High Court in October, 2010. The mines is spread over 2,500 ha area and is estimated to have 600 million tonne high grade iron ore deposits.
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Business Standard
177 22

SC concludes hearing in Posco mining case

Asks state, Posco and Geomin to give written submissions by Apr 5

The Supreme Court on Thursday concluded two year long hearing on a case related to grant of mineral prospecting licence (PL) for iron ore mines in favour of and reserved the judgment.

It has directed all the parties concerned, such as the Odisha government, Posco-India and Geomin Minerals and Marketing (P) Ltd to give their written submissions by April 5. Earlier, the division bench of in July 2010 had set aside the state government’s January, 2009 recommendation for granting PL in favour of after Geomin Minerals and Marketing (P) Ltd contested it in the court. The court had directed the government to reconsider the applications of other aspirants for the same mine who had submitted their applications prior to

Geomin and other claimants for the property had argued that the state government did not consider their applications, some of which were submitted as early as 1991 and instead, recommended Posco’s case, which applied in 2005.

The state government and had moved Supreme Court against the decision of the High Court in October, 2010. The mines is spread over 2,500 ha area and is estimated to have 600 million tonne high grade iron ore deposits.

image
Business Standard
177 22