Sandur Manganese & Iron Ores Limited has informed the Exchange about Hon ble High Court of Karnataka passing an order confirming the validity of Forest Clearances
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The Karnataka High Court has passed a final order confirming that the Forest Clearances held by Sandur Manganese & Iron Ores are valid. This relates to clearances originally granted in January 2007. Back in January 2014, the Ministry of Environment & Forest had directed the company to suspend mining at both its leases, though the Supreme Court later granted a stay allowing operations to resume. After more than a decade of court proceedings, the High Court has now ruled in the company's favour. The company can continue mining operations without needing to renew these clearances.
This is a positive development for shareholders as it removes a long-pending regulatory overhang on the company's mining operations. It provides certainty that existing forest clearances stand valid, supporting uninterrupted production and reducing future compliance risk.