Trade Resources Company News State Controlled Miner Odisha Mining Corporation Will Submit a Fresh Application

State Controlled Miner Odisha Mining Corporation Will Submit a Fresh Application

Business Standard reported that state controlled miner Odisha Mining Corporation will submit a fresh application for mining lease of Karlapat bauxite deposits after completing due verification of forest and non-forest land and quantum of bauxite reserve within the lease area.

OMC CMD Mr Saswat Mishra told the media after a high level meeting chaired by state chief secretary Mr BK Patnaik"We are going to submit a revised ML application to the Centre for Karlapat bauxite mines.Before that,we will take up verification to ascertain the quantum of deposits available beyond the sanctuary area and the amount of forest and non-forest land.The verification process will take three months."

Asked if OMC would supply bauxite to Vedanta Aluminium Ltd from the Karlapat deposits,he said

He said"It will take 3-4 years to start mining from the Karlapat mines.Depending on the prevailing market rates at that time,we will take a call on whom to supply bauxite.Our ML application for Karlapat is not specifically for Vedanta."

The Karlapat bauxite mine in Kalahandi district possesses 200 million tonnes of bauxite.The northern side of the mine falls under a wildlife sanctuary.

Source: http://www.steelguru.com/metals_news/OMC_to_file_fresh_mining_license_application_for_Karlapat_bauxite_mines/297260.html
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OMC to File Fresh Mining License Application for Karlapat Bauxit
Topics: Metallurgy