38.6c New Delhi, India, Monday, October 02, 2023
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
About Us Contact Us

Supreme Court hearing a plea by miners who said the companies were dying & facing closure due to ban on export of iron ores

By Lawstreet News Network Lawstreet News Network      Apr 11, 2022      0 Comments      3,130 Views
Supreme Court exporting Iron Ore

SupremeCourt hearing a plea by miners who said the applicant companies were dying & facing closure due to their stocks not getting sold or receiving genuine prices due to the ban on export in Karnataka while steel companies, on other hand, were importing iron ores.

Sr Ad Dushyant Dave- the buyer can import and domestic iron ore producers can sell through e-auction. Mr Bhushan’s role has come to an end now when the judgment was passed in 2013.

Dave- there is one aspect, my lease has come to an end. But milord has protected me saying it Would be subject to this order, so far as Mineral Enterprises is concerned.

This order should be modified, iron ore is byproduct. There is no need for an affidavit of Ministry of Steel etc. the Govt has already granted a export, we are in a need of foreign exchange, the ban should be lifted.

Sr Adv Abhishek Manu Singhvi- now 4 reports of CEC says this not should go on. CEC reports, the pallets should be allowed to be exported. It’s ironic that Govt has reduced the duty on pallet export from 5 to 0, and in these three states there is a complete ban.

CJI- we also want lifting of ban!!

CJI- Now suppose, if we allow to lift the ban, such a huge quantity will come in the market, what would be the situation? 
Dave- it will increase the export and most of the countries want to buy.

There is a court order which allow the export of Iron Ore in certain circumstances. Average prices may be fixed…
CJI- We can’t do all that fixation of price etc.

As per the Policy there is no ban on legally extracted Iron Ore. 
CJI- Mr Bhushan, some orders were passed, now almost 10-15 years have been passed. Now the protection of environment and sellers.

Bhushan- There is environmental concerns and the Inter Generational Activities. As per the report, the ban was imposed because of it would go on all the reserves were going to be over.

Bhushan- these are the resources of the people, not to be exploited for the profit of some mining company. 
Dave- Let him file a petition against the Steel companies. Lecture going on. 
CJI- Now the environmental aspect is over. Already extracted mineral is there.

CJI- that’s why we are very careful, in getting the report of CEC. We are looking at the extracted mineral which is on land. See when there is no restriction in other parts of the country then why should one be benefited.

Bhushan- Ministry of Steel throughout, say that there is a shortage of iron ore for domestic use. It should place the fact before this court. 
CJI- According to him there is no need of export of Iron Ore, asked to Centre.

CJI- file the affidavit. 
Bhushan- I will also file the response to CEC affidavit and Ministry of Steel affidavit. 
CJI- Everybody should be equally treated. 
Sibal- these Ore are used by steel industry, what happen is this Ore converted into pallet and steel.

Sibal- I represent the steel industry. 
CJI- does it want a special privilege? 
Sibal- What we are saying there is a iron ore on ground, why don’t put for e-auction? Put it to auction, if we don’t buy, then exported. Price in international is shot up by 4 times.

Sibal- they must put it to e-auction first, but the steel industry should not make the profit. The prices are 4 times now and that’s is why there are number of application. We file the affidavit and please take it after few days.

Sr Adv Singh- Steel industry are in desperate need of Ore. the requirement is 54.98 million ton per annum and actual availability is 30 million ton. There is no statement on oath…
CJI- this goes over head.

CJI - What is your stand? Please don’t circulate the affidavit in media. 
I have seen the affidavit in Deccan herald before it comes to me this morning!!

CJI- only two aspect, Steel Industry response, second the Environmental issue, and the aspect that if we allow there would be huge quantity available in the market what would be the impact of it?

CJI- We direct the Ministry of Steel to file its affidavit.

Share this article:


Leave a feedback about this




Lawstreet Advertisement

Signup for Our Newsletter

Get Exclusive access to members only content by email