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Supreme Court rejects Vedanta's plea to export iron ore from Karnataka
Refusing Vedanta group to export iron ore mined from Karnataka, the Supreme Court today allowed National Mineral Development Corporation (NMDC) to continue with the dual pricing of the minerals.
In its verdict, the bench headed by Justice Ranjan Gogoi ruled that NMDC is free to fix the price of minerals and continue with the dual pricing.

The court had appointed a committee to look into the case which had declared that Vedanta be denied the permission to export the ore. The company had challenged this decision and had requested that the matter be referred to the High Court for adjudication. But the court rejected this request as well.

The court ruled that it "doesn't find any reason to allow export iron ore for now."

Under the dual pricing method, the NMDC charges different prices of iron ore in the state where the ore is produced than what it charges in the rest of the country,

In July, 2011, the Supreme Court had banned mining of iron ore in Karnataka following allegations of illegalities that had resulted in large-scale environmental damage. While hearing the case, the apex court had allowed resumption of mining in April 2013, but it had enforced an annual cap of 30 million tonnes and had banned the exports of the ore.

Karnataka Iron and Steel Manufacturers' Association (KISMA) had also put a plea before the bench requesting it to do away with the NMDC's policy of dual pricing of iron ore. But the bench rejected this plea as well and reaffirmed that NDMC was free to continue the dual pricing.

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