The Supreme Court had scheduled the case hearing today on allowing JSPL to lift its iron ore stock lying at Sarda Mines. As per the latest update received from a market source, the hearing was held today (i.e 18 Jan’17) which was heard by a new bench of Judges. The separate hearing for the SLP filed regarding the same is scheduled on 30 Jan’17.
JSPL- Sarda mines case history at a glance:
- Owing to lack of necessary clearances, Sarda mines was closed on Apr’14
- 8 Apr’16 – Odisha High Court ordered JSPL to lift its iron ore stocks lying at Sarda mines
- 13 Jul’16 – Odisha High Court directed the state government to allow JSPL to fast track the procedures and allow the steel maker to lift iron ore stock lying at Sarda mines within 4 weeks
- In mid Jul’16, Odisha government was making plans to file SLP against Odisha HC order
- Towards the beginning of Aug’16, it was reported that Odisha government had already filed SLP against state HC order on lifting stocks from Sarda mines
- Towards the end of Aug’16, Supreme Court did not grant any stay order on the SLP filed by Odisha government
- Series of hearings were conducted thereafter on 23 Nov’16 and 18 Jan’17
Sarda Mines has iron ore inventory that amounts to more than 10-11 MnT. Its currently operational Tensa mines is not enough to meet its requirement and the steel maker is dependent on Odisha merchant miners for rest of iron ore sourcing.
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