SC allows 9 more Karnataka iron ore mines to resume

NEW DELHI Thu Apr 18, 2013 11:06am IST

A view of the Indian Supreme Court building is seen in New Delhi December 7, 2010. REUTERS/B Mathur/Files

A view of the Indian Supreme Court building is seen in New Delhi December 7, 2010.

Credit: Reuters/B Mathur/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - The Supreme Court has allowed nine more iron ore mines to resume production in Karnataka, a small fraction of the total, but exports from the country's second-biggest supplier of the steel-making raw material remain on hold for now.

The court also cancelled mining leases for all illegal mines in the state, Judge Aftab Alam said on Thursday.

The ruling is the latest step back from a total ban on mining in the state that was put in force in 2011, because of environmental concerns.

In September, the Supreme Court allowed 18 mines in Karnataka to resume operations, while state-run miner NMDC was cleared to produce one million tonnes a month in August 2011.

India used to produce about 200 million tonnes a year of iron ore and exported about half of that, mostly to top buyer China. But a clampdown on illegal mining, and exports from Karnataka, have slashed both output and shipments.

(Reporting by Krishna Das; Writing by Siddesh Mayenkar; Editing by Jo Winterbottom)

FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Gold Imports

Gold Imports

India eases gold import rule in surprise move.  Article 

Indians in Iraq

Indians in Iraq

India says no contact with 39 men held by Islamic State in Iraq.  Full Article 

Sahara Issue

Sahara Issue

Sahara looks to raise $650 million loan to fund bail.  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster.  Full Article 

Banking Sector

Banking Sector

After record deal, more India bank takeovers on cards  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Cricket Tragedy

Cricket Tragedy

Clarke breaks down giving heartfelt Hughes tribute  Full Article 

Nigeria Violence

Nigeria Violence

Bombs, gunfire kill 81 at crowded mosque in Nigeria's Kano  Full Article 

Movie Review

Movie Review

D’Silva's “Ungli” just skims the surface  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage