Last Updated : Thursday, July 18, 2019 19:58:52

NMDC’s Donimalai iron ore mine resumes ops, was shut since Nov 2018

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT –  In a regulatory update submitted to the Indian Bourses, national mining major NMDC Ltd said of having resumed iron ore mining operations at Donimalai Iron ore mines, the mine was shut since November 2018, after the Karnataka State Government had imposed 80% premium on the sales of minerals from the mine.

The regulatory filing submitted to the Indian Bourses read that, Donimalai Iron Ore Mine of NMDC to Resume Operations after closure of Donimalai Iron Ore Mine for more than eight (8) months, NMDC is set to resume operations in accordance with the Karnataka High Court’s decision.

NMDC has approached Government of Karnataka to facilitate execution of lease deed and resumption of operations at Donimalai Mine.

The resumption of  mining at Donimalai would avoid further loss to National and State Exchequer apart from providing the much needed iron ore to the steel industry for the development of the State.

Though, it had been a long wait for NMDC, this news has brought in lot of cheers especially to Steelmakers of Karnataka, Investors, Mining Fraternity, Customers and employees who have been eagerly waiting for this, said N. Baijendra Kumar, IAS, CMD.

He also expressed his gratitude for all the co-operation extended by Ministry of Steel, Government of Karnataka, Legal Bodies and particularly all stakeholders for having faith on NMDC at all times.


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