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Karnataka Allows NMDC Iron Ore Mining at Donimalai

Steel News - Published on Wed, 16 Sep 2020

Image Source: NMDC Iron Ore Mining Donimalai
Business Standard reported that Karnataka government has decided to resume iron ore mining at Donimalai in Bellari district, which had been stopped since 2018, and said it expected to earn revenue of INR 647 crore a year from it. Karnataka’s law and parliamentary affairs minister JC Madhuswamy said "We have resolved that the impediment pertaining to NMDC mine lease is removed. Consent has been given to start mining at Donimalai in Sandur Taluk."

Donimalai is rich in iron ore and was in the custody of state-owned NMDC for 50 years when its lease period ended in 2018. Since then the renewal did not happen as Karnataka wanted a premium of 80 per cent, which NMDC did not agree to.

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Posted By : Yogender Pancholi on Wed, 16 Sep 2020
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