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VV Mineral Finds Favour In High Court In The Draft Mining Scheme

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VV Mineral Finds Favour In High Court In The Draft Mining Scheme - PowerPoint PPT Presentation


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Indian Bureau of Mines was established to promote systematic and scientific development of mineral resources of the country (both onshore and offshore), through regulatory inspections of the mines, approval of mining plans and environment management plans to ensure minimal adverse impact on environment.\n\nBut off late, the Bureau has been facing a lot of heat from the courts, due to its regulatory orders on VV Minerals and another mining company . The dispute is related to the requirements to be fulfilled for submission of a mining scheme, on which the VV Minerals has complied with, while the Bureau said it has not complied with. The draft scheme submitted by VV Minerals, was not allowed by the Bureau, alleging that the companies failed to remove all the defects in the draft scheme, when it was re-submitted in January, 2014.

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Presentation Transcript
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Indian Bureau of Mines was established to promote systematic and scientific development of mineral resources of the country (both onshore and offshore), through regulatory inspections of the mines, approval of mining plans and environment management plans to ensure minimal adverse impact on environment.

http://vvmineralblog.wordpress.com

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But off late, the Bureau has been facing a lot of heat from the courts, due to its regulatory orders on VV Minerals and another mining company . The dispute is related to the requirements to be fulfilled for submission of a mining scheme, on which the VV Minerals has complied with, while the Bureau said it has not complied with. The draft scheme submitted by VV Minerals, was not allowed by the Bureau, alleging that the companies failed to remove all the defects in the draft scheme, when it was re-submitted in January, 2014.

http://vvmineral.wordpress.com

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The submission of VV Minerals to the High Court was that they should be given a chance to cure the defects to be examined by the Bureau, in the draft mining scheme. The Division Bench of the court ordered that all compliances will be re-submitted and thereafter, it will be examined in accordance with law by the authority.

http://vvmineralmining.wordpress.com

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It also ordered the Bureau to issue the returned memo in the form issued earlier specifying as to what has not been complied with, to VV Minerals within two weeks, adding that the period within which the draft scheme has to be re-submitted by the company would only commence after that.

http://vvmineral-mining.blogspot.in

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Mining scheme is a tentative plan submitted by VV Minerals, who has the approval from the government for a long term for mining, detailing its plans for a shorter period including the quantity the company would look at mining during the limited period.

http://vvmineralmining.blogspot.in

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