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FOMENTO RESOURCES GROUP
Goa iron ore miners feel the heat as prices hit 10-year lowGoa mainly produces low grade iron ore (with iron content between 55-58 per cent), which is mainly exported to countries such as China and ...- Supreme Court sends notice to Goa on renewal of mining leasesThe lease renewals would bring just 15% of royalty as stamp duties to the state and cause an estimated loss of Rs 79,836 crore to the exche...
- President Pranab Mukherjee signs ordinance amending mining lawsAccording to senior officials in the Ministry President Pranab Mukherjee gave his nod to the “Mines and Minerals (Development and regulatio...
- Goa government initiates clearance of mining leases for operationsThe file clearing the proposal of ten mining leases has been moved to state mines secretary, a senior mines department official said.
- SC-appointed CEC recommends 11.4 million tonnes of mined Goa iron ore be auctionedGoa's iron ore industry has been idled since a inquiry commission claimed irregularities to the tune of Rs 35,000 crore.
- Supreme Court panel for scrapping Goa iron ore leasesAll mining operations including trading of extraction of dumps stay banned.
- Supreme Court panel calls for strong action against iron ore miners in GoaCEC has warned that its recommended path to mining, as being applied in Karnataka, would substantially reduce Goa's annual production.
- Once feted for being India’s highest taxpayers, miners are the new untouchables in townBanks don't want to lend to miners, policymakers are hesitant to frame policies for them, customers don't know what to expect from them.
- Will Goa's new CM Manohar Parrikar be able to woo investors in IT, pharma, entertainment?"We would like to invite sectors with little or no pollution. That could include IT, pharma, entertainment, light engineering..." says IIT-...
- We will close down all illegal mines in Goa: Manohar ParrikarProposed move could further impact the iron ore industry and drag down mining growth in the country.
- Goan majors blame unorganised players for iron-ore mining messFears of a possible ban on exports of iron ore from Goa has divided the mining industry in the state with the larger, organised players bla...
- Mining companies making profit at the cost of environment: NGOAround 25 million tonnes of iron ore was extracted above the permissible limit over the past five years in Goa.
- Mining companies making profit at the cost of environment: NGOAround 25 million tonnes of iron ore was extracted above the permissible limits over the past five years in Goa.
- Tata Metaliks defies broader market trend, up 9% in morning tradeTata Metaliks said it has inked a pact with Fomento Resources Group for sale of its 3 lakh tonnes per annum pig iron-making facility in Mah...
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