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Indian iron ore mining mess - Is INR 35000 loss in Goa notional
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Monday, 29 Oct 2012
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IANS reported that mining operators and iron ore exporters in Goa slammed the findings of the Justice MB Shah Commission into illegal mining, terming the INR 35,000 crore loss it has reported only notional.

Mr Shivanand Salgaocar president of Goa Mineral Ore Exporters Association also questioned the methodology of the commission's inquiry. The loss of INR 35,000 crore is purely notional.

Mr Salgaocar said that "The Shah commission report said that 578.42 hectares of land has been encroached and there was illegal mining happening there. These calculations are based on wrong assumptions, misinterpretation of facts, wrong reading of Google maps and faulty survey done using handheld GPS."

Mr Salgaocar said that GMOEA, which comprises of over 30 mining companies and ore exporters would file a petition against the Supreme Court imposed ban on mining operations in Goa. The court also asked a central empowered committee to submit a report on illegal mining in the state.

The Shah commission, which submitted its report to parliament last month has pegged Goa's mining scam at INR 35,000 crore.

Source - IANS

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