Cites daily losses in crores to lessee
THE GOAN NETWORK
PANAJI
As the villagers continue to halt iron ore transportation at Vedanta’s Bicholim mineral block site, the Goa Mineral Ore Exporters' Association (GMOEA), an apex industry body, has raised serious concerns over the financial and reputational impact on the industry owing to the disruptions.
In a press statement issued, GMOEA Secretary Glenn Kalavampara has urged the State government to immediately intervene in resolving the issue, which might result in a long-term impact on the sector.
Kalavampara said that the inability to transport despite obtaining all permissions is unfair to any operator, especially on traditional or dedicated routes.
“These delays not only harm the operator but also impact the government and economy, particularly when the sector is already reeling under challenges. We urge the authorities to swiftly resolve the stalemate,” he said.
The Association pointed out that as grants are now being obtained at a premium, the primary responsibility of addressing the concern equally rests with the government, with no additional cost to the lessee.
The government and, more so, the operator incur substantial losses in revenues, apart from reputational crises, at a time when resumption is most needed. Apart from high bid premiums, the mining companies effect statutory dues of royalty, DMF, etc.
“We are informed by M/s Vedanta Ltd that for the past two weeks, road transportation at their Bicholim mine has been halted due to certain unreasonable demands, leading to a loss of nearly Rs 2 crores daily. Further, even temporary route requests are pending. This situation does not align with the principles of ease of doing business,” Kalavampara added.
The GMOEA has expressed optimism that ongoing dialogues between village groups and the operator will lead to an amicable resolution. However, the Association has stressed the importance of practical interim solutions to prevent further disruptions.
“We hope the concerns of the villagers and operator are resolved quickly, practical arrangements are implemented during this period, and instances of taking the law into one’s hands are avoided in the future,” Kalavampara added.
