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  1. Supreme Court order will impact our mines in Goa, says Vedanta

Supreme Court order will impact our mines in Goa, says Vedanta

Vedanta Ltd today said its mines in Goa will be impacted following the Supreme Court judgement to cancel the second renewal of 88 iron ore mining leases in the state.

By: | New Delhi | Published: February 8, 2018 6:05 PM
vedanta, mines in goa, goa mines, commercial activity, iron ore mining, mining leases, iron ore mining leases in goa,  Vedanta Ltd today said its mines in Goa will be impacted following the Supreme Court judgement to cancel the second renewal of 88 iron ore mining leases in the state. (Image: Reuters)

Vedanta Ltd today said its mines in Goa will be impacted following the Supreme Court judgement to cancel the second renewal of 88 iron ore mining leases in the state. The apex court yesterday quashed the second renewal of 88 iron ore mining leases in Goa in 2015, saying the sole motive of the companies behind the commercial activity was profit maximisation and no social purpose was attached to it. “The company’s mines in Goa will be impacted consequent to the judgement of Supreme Court,” the company said in a statement adding that Vedanta is assessing the financial and operational impact of the said judgement.

The apex court in its judgement directed to stop all mining operations in Goa with effect from March 16. “The Supreme Court has directed that the mining lease holders who have been granted the second renewal are given time to manage their affairs and may continue their mining operations till March 15, 2018,” the company said.

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  1. Kushal Kumar
    Feb 9, 2018 at 8:07 pm
    News reports say that Supreme Court of India has on 7 February , 2018 , cancelled 88 mining lease licenses in Goa. Further , it has been ordered that the existing lease holders can operate until 15 March , 2018. Thereafter , fresh lease licenses , as per law , would be necessary for operation. Readers may like to know this Vedic astrology writer’s related prediction in article - “ Astrologically speaking , some highlights for India in coming year 2018” - published last year at theindiapost on 19 October , 2017 , simultaneously published at wionews on the same date. The related text of the prediction in the said article reads as follows :-“ Mid- March to 31 May 2018 : Some commercial or trading activities may get impeded or hindered , causing concern. …… Chunk of industries may have tough time while looking for vitality”.
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