Wednesday , February 21 2018
Home / Goa News Highlights / Just half the mines granted second renewal in operation

Just half the mines granted second renewal in operation

Panjim: Only half the mines granted second renewal by the State government were in operation from September 2015 till date and were involved in extraction of 40 million tonnes of ore of which only 50 percent was transported. The government earned Rs 605 crore as royalty in the last three years.After the 19-month long ban, from September 2012-April 2014, the mining industry resumed in September 2015, at a slow pace. By then, Directorate of Mines and Geology (DMG) had granted second renewals to 88 mining leases with a cap of 20 million tonnes on fresh annual production.In information tabled on the floor of the House in December last year, Chief Minister Manohar Parrikar said 44 mines of the 88 renewed, were in operation till October 2017. The number went up to 47 mines as of date.As per information available from DMG, for the financial year 2015-16, 33 mines resumed operations, and extracted 7.30 million tonnes of ore and the State earned revenue of Rs 43 crore in the form of royalty.By this time, the China market was captured by other low grade producing countries like Australia and Brazil.
Irrespective of this, the industry picked up in 2016-17, and produced 20 million tonnes of ore. The royalty collection was Rs 400 crore during the period.However, thereafter, the demand for low grade ore declined drastically. Goa’s low grade ore of 56-57 Fe content is not used by domestic steel units.For the ongoing financial year 2017-18, the number of operational mines rose to 47 and produced 13 million tonnes of ore till date. The total royalty for the current year stood at Rs 162.27 cr.“However, of the 40 million tonnes produced by the mines, only 20 million tonnes has been exported till date in the last three years,” a senior official said.Goa has nearly 750 million tonne of ore lying in dumps, that are basically rejects, middle grade ore, which had no demand in the international market all these years.In a bid to export this ore, mine owners, through the government have been demanding for zero percent export duty on such ore. [H] 

About admin

Check Also

Churchill opposes Aadhaar link to a/cs

Porvorim: Benaulim NCP MLA Churchill Alemao on Tuesday said that government should stop linking Aadhaar …