Saturday, July 30, 2011

Supreme Court bans mining in iron-ore rich Bellary; JSW Steel, Jindal Saw, Tata Metaliks to be hit



The Supreme Court's exasperation with the Karnataka government's response to the fast-spreadingmining scandal turned into outright anger on Friday with the court banning all mining across the iron ore-richBellary region. The ban will be effective in Bellary, nearby Hospet and Sandur, a region accounting for a third of the iron ore produced in India. Production of about 25 million tonnes of steel across the country is expected to be affected, including operations at JSW, India's biggest private sector steel firm.

Source : Economic Times

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