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By Ashvini Ranjan
The recent news about one thousand acres of virgin forest in Sandur, Ballari District, being opened up for mining Iron and Manganese Ore by Kudremukh Iron Ore Company Ltd. (KIOCL) is shocking to say the least.
In all, 99,330 trees are proposed to be felled much against the advice by the Forest Department. Besides the damage to the environment, the mining activity will seriously erode soil, affect water bodies and streams in the area.
The Deputy Conservator of Forests (DCF) has further warned the distress the mining activity could cause to the wildlife in the area, leading to even more ‘man-animal conflict.’
‘Mega steel giant formed with mergers can take on China’
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Alternative to VSP privatisation suggested on the lines of joining PSU banks, oil companies
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V.V. Lakshminarayana and former CMD of VSP Siva Sagar Rao at a press meet in Visakhapatnam on Friday.
Alternative to VSP privatisation suggested on the lines of joining PSU banks, oil companies
Before taking the final step to go ahead with the 100% strategic sale of the Visakhapatnam Steel Plant (VSP), the Union government and the authorities concerned should give a thought for its revival, said former Joint Director of CBI V.V. Lakshminarayana.
The tussle between iron ore miners and steel companies over exports to China has taken a political turn with both sides questioning each other’s patriotism. In a fresh missive to Prime Minister’s Office, the Federation of Indian Mineral Industries (FIMI) said it is very unbecoming on the part of Indian Steel Association (ISA) of doubting .
Steel cos, iron ore miners spar over exports to China
January 11, 2021
Question patriotism of each other
The tussle between iron ore miners and steel companies over exports to China has taken a political turn with both sides questioning each other’s patriotism.
In a fresh missive to Prime Minister’s Office, the Federation of Indian Mineral Industries (FIMI) said it is very unbecoming on the part of Indian Steel Association (ISA) of doubting the patriotism of the iron ore industry for exporting maximum quantity to China when the steel industry itself is trading with China.
Some of the primary steel producers, who are recommending a ban on iron ore exports, exported 7.52 million tonnes (mt) of iron ore last October and November besides 10.63 mt of pellets illegally, last fiscal. Only State-owned Kudremukh Iron Ore Company is legally allowed to export pellets. The fact that the primary steel producing companies are exporting iron ore indicates that there is no shortage of iron