gfiles magazine

June 25, 2016

Iron ore heist

The iron ore mining industry in Karnataka grabbed headlines in 2008 when the State’s Lokayukta reported largescale illegal mining in Bellary, Chitradurga and Tumkur districts. This eventually forced the Supreme Court to intervene and suspend all mining and transportation operations. The ban was lifted in 2011 when the apex court ordered introduction of e-auction mechanism for iron ore in the State, with a ceiling of 30 million tonne per annum, to put an end to indiscriminate mining and ensure fair and transparent pricing. 

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