Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

SC rejects miners' plea to allow iron ore transport in K'taka
Press Trust of India / New Delhi May 02, 2011, 19:39 IST

The Supreme Court today declined miners' plea to direct the Karnataka government to allow them to transport iron ore from the ports within a fixed time frame.

A bench of Justice R V Raveendran and Justice A K Patnaik refused to pass any order over the plea submitted by leading miners, including Sesa Goa, after observing that the state was already processing various applications filed by miners to transport iron ore for the purpose of exports.

State Counsel Anita Shenoy informed the apex court that the government had received several applications filed by the miners and they were processing it.

The court was also informed that as per its direction, the Karnataka Prevention of Illegal Mining, Transportation and Storage of Minerals Rules, 2010 had been notified and the state government was receiving applications, accordingly.

However, a battery of counsels appearing for the mining industry submitted that there was unnecessary delay in processing the formalities.

They further submitted that the miners had to make some undertakings, stating that they would be liable if the material that they buy from a firm and export, is found to be illegally mined.

Earlier, passing an order on April 5, the apex court had directed the state to lift its ban imposed on transportation and export of iron ores from April 20.

The court had also given the government 15 days' time to raise the required infrastructure to check illegal mining in the state.

This was done after the state requested the Supreme Court to grant it 15 days time to set up various check posts and install Radio Frequency Identification Devices on the miners truck to track their movement.

The state government had in its two orders in July 2010 banned transportation of iron ore for export purposes for six months. This was challenged by mining firms - Sesa Goa, MSPL, SB Minerals, Minerals Enterprises, Sathya Granites  before the Supreme Court.

The miners submitted that the Karnataka government was not lifting its ban on transportation of iron ore for exports, despite the assurances given to the apex court that it was a temporary measure and would last only for six months.

However, the period had lapsed and the government was still not issuing permits to transport the iron ore extracted from their mines, they said.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower ahead of May F&O expiry
- Parsvnath posts Rs 23 cr loss in Q4
- Educomp net down 57% at Rs 61 cr in Jan-Mar qtr
- DLF Q4 net plunges 39% to Rs 211 cr
- Provogue Q4 net profit down 71% at Rs 1.81 cr
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Vodafone notice on arbitration premature: Govt
- Coal blocks for infrastructure projects get GoM nod
- Dissidence brewing in state: Senior BJP leaders team up against Modi
- Tata Motors skids as margins dip at JLR
- Rupee-sensitive stocks risky for new investors
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us