Wednesday, February 8, 2023

Supreme Court allows resumption of iron ore export from Karnataka

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The Supreme Court in India, in a significant development, has allowed the resumption of iron ore export and mining in the state of  Karnataka, almost after more a decade after it was  restricted the same.

Chief Justice NV Ramana said that

“There needs to be a level playing field for coal mines in Bellary etc. On halting the unchecked excavation in Karnataka’s three mining areas, the situation has worked out well. But situation has now changed.”After finding that e auction was not giving good response , the court called back the 2011 order imposing constraints on the sale of iron ore mined in the State to be relaxed. The court has also permitted the export of iron with certain terms and conditions. The Court further said,

“We permit to sell already excavated iron ore stock etc in the three Karnataka districts. Permission also granted to allocate iron ore by entering into direct contracts without resorting to e-auction.”

The court has also sought for expert opinion  on lifting of ceiling limit for production, mining lease etc. The committee was directed to send its recommendation in four weeks.

The matter will be heard next in July.

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