Court Orders Auction of Iron Mines in India’s Karnataka Province

India’s Supreme Court has ordered that 15 iron ore mines in the southern province of Karnataka be put up for auction and that the process be completed within eight months. The court order would impact even those mines that had restarted production in 2013 after the court had imposed a two-year ban on mining operations in the province. The resumption of mining was on condition of a cap in total production of 30 million metric tons per year (mt/y).

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Lack of Geological Data Hinders Indian License Auction

Inadequate exploration and geological data was hindering India’s provincial governments from setting the ball rolling for auction of “composite mining licenses.” Provincial governments like Orissa, Karnataka, and Chhattisgarh have pleaded that they do not have the financial nor technical wherewithal to complete G3 (prospecting stage) of exploration, as was made mandatory by the federal laws from auction of composite mining licenses by the provincial governments.

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Hindustan Zinc Increases Metal Production

India’s Hindustan Zinc Ltd. reported quarter mined metal production of more than 232,000 metric tons (mt), a year-on-year increase of 42%. The company said its saleable zinc, lead and silver metal production was up by 35%, 27% and 33%, respectively, for the same period.

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