Monday, 13 Jun 2011
According to a senior executive, state run KIOCL has got the lease to the 10 million tonnes Chikkanayakanahalli or CNH iron ore reserve, paving the way for supplies to its ore plant at Mangalore for at least three years.
KIOCL formerly Kudremukh Iron Ore Company was forced to give up its mines in 2005 after a Supreme Court ban, and was running its pellet plant with supplies from national miner NMDC.
Mr K Ranganath managing director said though the Centre had granted environmental clearance to the CNH reserve in 2009, the site could not be taken over because the boundary of the reserve, which is shared by other lease owners, was not clearly marked. However, new boundary sketches will be finalized in a few weeks and KIOCL can apply for forest clearance.
The Karnataka government had already granted its in-principle approval for the grant of mining lease over an area of 117 hectares.
KIOCL which exports 60% of its iron ore concentrates and iron oxide pellets, will also pursue its claims on Ramanadurga and Khandadhar. The company had sought mines in the Ramanadurga belt in Bellary. Now the mining area, which can be shared by three to four parties, has more than 1,100 applicants, including heavyweights such as NMDC, JSW and ArcelorMittal.
(sourced from ET)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment