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The Heavy mineral mining industry has been suffering huge losses due to delays in the lease renewal process. The Supreme Court has passed a judgement on this and ordered for a deadline to be maintained. This brings a lot of hope for private companies like, VV Minerals as they will not have to suffer anymore.
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Supreme Court’s JudgementBrings Relief To Companies Like VV Minerals
The Supreme Court of India has finalised a 28-month deadline for the central and state governments to settle on applications seeking for renewal of their mining leases or environmental clearances http://vvmineralblog.wordpress.com
To meet this deadline a special bench which will be headed by Justice JS Kehar, will assign duties to various officers at different levels to deal with the applications http://vvmineral.wordpress.com
This decision is welcomed by VV Mineral, Vaikundarajan as the delay in such processes lead to a lot of losses that affect the entire industry http://vvmineralmining.wordpress.com
This time the supreme Court is very firm regarding their decision and all violators will be penalized http://vvmineral-mining.blogspot.in
The court’s directions are based on suggestions made by the SC-appointed Centrally Empowered Committee (CEC), the Ministry of Environment and Forest (MoEF) and advocate ADN Rao, who is assisting the green bench dealing with environment related cases. http://vvmineralmining.blogspot.in
The order came on a petition filed by the Federation of Indian Minerals Industry (FIMI), which complained that statutory clearances were pending with either the Centre or states for three-four years and companies like VV Minerals were suffering in the process.
Personalities like Mr. V Subramanian, the Director of VV Minerals will also be glad knowing about this judgment passed by the Supreme Court as it really help in developing a healthy business environment in the heavy mineral mining industry http://vvmineralblog.wordpress.com
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