OMC, Vedanta sees opportunity in SC verdict

An MoU between an Odisha Mining Corporation and Vedanta has come in for questioning from the Tribal Affairs Ministry, which has contended that it is against the letter and spirit of the Constitution and its provisions.

Hailing the Supreme Court ruling on bauxite mining in Odisha's Niyamgiri Hills, the Orissa Mining Corporation (OMC) has said "it is a positive order" for the company and for the state government.

Odisha Mining Corporation, which sells about half a million tonne sized iron ore every quarter from Koira region, has reduced rates by 5% to 7% for April-June period, compared with the previous quarter. 62% - INR 5,050 per tonne at Koira mining ...

With mineral-based industries facing acute shortage of raw materials and the State run Odisha Mining Corporation (OMC) limiting its extraction capacity, the inter-ministerial committee on ore linkage in an equitable and sustainable manner has a ...

Business Standard reported that Odisha Mining Corporation has invited price setting tender for sized iron ore to be sold during April to June. OMC decides iron ore rates by auctioning a fraction of the total salable quantity in every quarter and ...

The M B Shah Commission, inquiring into illegal mining in Odisha , will resume hearing at its headquarters in Ahmedabad from Tuesday, official sources said. The commission is slated to hear views of miners having lease to extract minerals from 57 ...

New Delhi: The Supreme Court will deliver its verdict on the validity of centre's withdrawal of environment clearance for bauxite mining in Odisha tomorrow. State owned Odisha Mining Corporation, which has a joint venture with Sterlite had ...

The Comptroller and Auditor General has rapped the State-run Odisha Mining Corporation (OMC) for incurring a loss of Rs 35 cr due to sheer negligence. Iron ore stocks of 2.5 lakh tonnes, valued at Rs 35 cr, were washed out by rain water due to lack ...

The Union Coal Ministry has asked Odisha Mining Corporation (OMC) and Andhra Pradesh Mineral Development Corporation (APMDC), two state-run mining companies, to submit Rs 243.60 crore as bank guarantee for delays in development of Nuagaon Telisahi coal block.