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Very recently, India's Supreme Court had given a go-ahead to the India government to float a global tender regarding the revival of mines.

23 Aug 2013

NEW DELHI (Commodity Online): India's Union Minister of State for Micro, Small and Medium Enterprises, Muniyappa has said that a tender to revive Kolar Gold mines would be floated in 2-3 months.

“Yesterday I met Mines minister, we have had discussion on this, I have asked him to accelerate the process;... tender process will take some time, it will take two to three months to come into force, but they have started to work on it.” Muniyappa said and was quoted by The Hindu Business Line as saying.

“Finally, all the hurdles have been overcome with the Supreme Court decision, now we have to see it progresses soon,” Muniyappa noted, he is an MP from the District.

Very recently, India's Supreme Court had given a go-ahead to the India government to float a global tender regarding the revival of mines.

The tender would also allow workers’ forum to come up with a bid to run the mine.

Earlier, the shut down of Bharat Gold Mines in 2001 had left around 3,000 employees out of the job system. This was challenged by the worker community in the High Court and received an order to the effect that Center should be willing to revive BGML through its own efforts and should not venture out to float a global tender.

This was challenged by the Centre in the Supreme Court.

(Story image courtesy of pakorn/ www.FreeDigitalPhotos.net)


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