Over the last ten years mining losses have been variously reported and unsubstantiated estimates touted. In among all of this, one thing is certain: the trend is consistently upwards. Amounts have been quoted from Rs. 3,500 crores due to non-payment of royalty (PAC Report) to Rs. 35,000 crores due to mining outside lease areas (Shah Commission). However the latest official …
Tag: PAC Report
Mining in Goa: Where did it all go wrong?
Mining in Goa: The effects on our land, our waterways, our health and our economic futures Aside from our mineral assets being taken without our consent and redistributed to the wealthy few, what else went wrong with mining in Goa?
Goa’s Inglorious Past: The Great Mining Swindle
Zero loss mining and intergenerational equity A loss amounting to twice the cumulative state revenues was uncovered following an investigation into mining activities by Goa Foundation. This money represents the value of minerals mined and exported during the period 2004 to 2012 from Goa. The amount represents a Rs. 3.7 Lakhs loss of mineral assets for each and every Goan; …