India’s top iron ore producing state Orissa will renew in about two months licences of 10 of the 26 mines that were shut by the Supreme Court last week, a government official said, allaying fears of steelmakers the shutdown would lead to heavy imports.
The apex court had ordered the closure of nearly half of the 56 mines in Orissa due to non-renewal of years-old leases. The closed mines accounted for about half of the state’s output of more than 70 million tonnes last fiscal year.
“We’re expediting the renewal process and hope to be able to renew the licences of 10 captive mines in about two months,” UC Jena, Orissa’s deputy director for mines, told Reuters.
Jena said the 10 mines that should have their licences renewed in two months together produced about 20 million tonnes in FY14.