10,871.48 TRY BIST 100 BIST 100
4.58 CNY CNY CNY
33.02 USD USD USD
35.84 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.28 TRY Interest Interest
82.44 USD Fossil Oil Fossil Oil
27.89 USD Silver Silver
4.13 USD Copper Copper
99.08 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,524.70 TRY Gold (gr) Gold (gr)

SAIL awaits permission for expired mines

The lease agreements for 13 of the 19 mines owned by the Steel Authority of India Ltd (SAIL), which are mainly iron ore mines that are currently not actively operated, have expired.

SAIL awaits permission for expired mines

SAIL has initiated the process of renewing leases and resumption of operations for nine of these mines; seven faced various obstacles in three states. While one mine in Odisha commenced operations earlier this year, another mine in Chhattisgarh was given clearance in October. However, four mines in Jharkhand, two in Odisha and one in Tamil Nadu are still awaiting various approvals, including environmental impact assessments, wildlife management plans and conversion of forest land for mining.

Although this does not currently have a direct impact on SAIL's operations, the continuation of these mining leases is vital to the company's capacity expansion plans. According to an internal note from the Ministry of Steel, the Ministry of Mines has not currently issued any notification of expiring leases and the matter is being reviewed on a case-by-case basis for renewals. The steel ministry has instructed SAIL to pursue the matter with the relevant state governments.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

China's export growth leads to a decrease in global steel prices

Friday, July 26, 2024

Arab steel production surges in early 2024 despite mixed monthly performance

Friday, July 26, 2024

Dangote will not enter Nigeria's steel sector

Friday, July 26, 2024

China's scrap market continues to be volatile

Friday, July 26, 2024

Indonesia’s housing initiative boosts steel sector

Friday, July 26, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now