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Following the order, on midnight of March 15, the Goa government forced closure of all the iron-ore mines, directing all mining equipment be evacuated from
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Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.
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The Supreme Court order cancelling mining leases in Goa with effect from mid-March shows scant regard for the mining economy or the people who earn their livelihood from it, focusing only on what the court terms the avarice of the miners. With the cancellation of iron ore mining leases in Goa, the ...
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