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Saturday, January 21, 2012

Joda mines office suspends 121 trading licences

Saturday, 21 Jan 2012

BS reported that deputy director of mines for Joda circle has suspended 121 mineral trading licences for not submitting transaction reports.

The local mines director had recently ordered 357 traders in the region to submit details of trading transactions out of which 121 did not respond. The DDM is currently scrutinizing the submitted returns and said strict action will be taken on those who have given false information.

Mr UC Jena DDM of Joda said that “We took action on 121 traders for not complying with the order to submit returns related to transactions. Several other licences might also get suspended very soon.”

Sources said that the strict action from the Joda office is in sync with the state government policy to discourage intermediaries in mineral trade.

The state government, in December, decided not to issue any trading licences for mineral transshipment and also barred trader to trader mineral sale through a notification. It said the stockyards used for transshipment have been main source of illegal mineral trading.

The order issued from state steel and mines department said that “Intermediate stockyards which operate between the source of mineral and the point of end use (ports or steel plants) have the potential to facilitate illegal mining activities on the account of their location in such geographically distributed manner making it difficult to put an effective monitoring mechanism in place.”

(Sourced from BS)

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