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Karnataka Cancels NMDC’s Donimalai Iron Ore Mine Lease

Mining News - Published on Wed, 21 Aug 2019

Image Source: Money Control
In a setback to NMDC, the Karnataka government has cancelled its lease for the Donimalai iron ore mine taking a production impairment of about 6 million tonnes per annum. Karnataka government, in its letter dated August 17, communicated that it had withdrawn the approval accorded through a letter dated November 2, 2018. It further said it plans to auction the mine instead.

The company has filed a revision application against the Karnataka government with the Union Ministry of Mines, and the hearing has been scheduled for August 21. NMDC has now requested the Karnataka government to withdraw its letter cancelling the lease.

Source :

Posted By : Sanju Moirangthem on Wed, 21 Aug 2019
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