You are here: Home » Current Affairs » News » National
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 Khandadhar iron ore mines in favour of Posco 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 Orissa High Court in July 2010 had set aside the state government’s January, 2009 recommendation for granting PL in favour of Posco 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 Posco.

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, March 21 2013. 20:18 IST