mining

India’s Supreme Court has stayed the Madras High Court’s order to shut a Sterlite Industries copper smelting plant that the lower court had decided was polluting and in ‘pathetic condition’, as reported two days ago on Wednesday. The apex court judges decided to stay the Madras HC order until 18 October, reported Reuters. The shares in Sterlite rose 6 per cent in Mumbai trading.

Sterlite Industries has to shut down its copper smelting plant in Tuticorin, due to the “negative impact of running of the industry at the place and in the manner it is being run” said a Madras High Court division bench.

Norton Rose has advised Australian miner Linc on its sale a $3bn coal tenement in Queensland to a subsidiary of the Adani Group, which was advised by Australian firm Corrs Chambers Westgarth.

Exclusive: A Karnataka public interest litigation (PIL) is trying to prevent mining companies Arcelor Mittal and Posco from allegedly profiting unfairly from state concessions, which the PIL alleges would result in a loss of $50bn to the state or the equivalent of Rs 2.4 lakhs per family.

J Sagar and Associates (JSA) and Luthra & Luthra have completed the Rs 1,750 crore ($368m) takeover of mining company Dempo Group by London-listed Vedanta Resources subsidiary Sesa Goa.