Iron ore supply to ease as 8 Karnataka mines reopen this month

Eight Karnataka iron ore mines will resume operations by the end of July,possibly adding around 5.5 million tonnes per annum and easing some supply constraints

Written by FE | Bangalore | Published: July 5, 2012 1:24:49 am

Eight Karnataka iron ore mines will resume operations by the end of July,possibly adding around 5.5 million tonnes per annum (mtpa) and easing some supply constraints.

“The reclamation & rehabilitation (R&R) plans of eight mines have been cleared and final approval will be given by the central empowered committee (CEC) today,” HR Srinivasa,director,department of mines & geology,Karnataka,said.

Currently,around 10-12 mtpa are produced by NMDC,which is the only miner to get permission from the Supreme Court. Sesa Goa,Mineral Enterprises,Vesco and Mysore Minerals are among eight miners that will resume operations. The SC had banned ore mining in Karnataka last July after illegal operations came to light. After a report by the CEC,it allowed only NMDC to restart operations in Bellary while laying guidelines for reopening other mines.

FE

For all the latest News Archive News, download Indian Express App

Advertisement
Advertisement
Advertisement
Advertisement