In a major blow to private mining companies, Supreme Court has upheld the Jharkhand high court’s order regarding the cancellation of six mining leases, which were allotted to these companies by the Sibhu Soren government. These six mining companies namely are Monnet Ispat Energy, Prakash Ispat, Adhunik Alloys and Power, Abhijeet Infrastructure and JSW Ispat.
Validating the rights of government to reserve mines for public sector unit, the Supreme Court has seconded the cancelation orders of mining leases at Ghatkuri hills in Jharkhand by its government.
Earlier in the month, Union Rural Development Minister Jairam Ramesh averred that mining leases of the private companies for the Saranda Range in Jharkhand should be cancelled, and no further lease should be issued to any of these companies, on background of Maoists privately keeping a hold on these companies, in order to collect huge levies.
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