Top Headlines
Home » Business » Long Pending issue of Donimalai Iron ore Mine has been finally resolved

Long Pending issue of Donimalai Iron ore Mine has been finally resolved

in Business December 4, 2020 Comments Off on Long Pending issue of Donimalai Iron ore Mine has been finally resolved 959 Views

Hyderabad, 4th December 2020: The long-pending issue of the Donimalai Iron ore mine (ML No.2396) of NMDC Ltd, which was suspended since November 2018, has finally concluded through the endeavor of the Government. The decision has not an only paved the way for operationalization of the mine but also is a timely decision taken in a situation when the steel companies are facing a shortage of supply of Iron ore.

Exercising the power conferred to GOI under section 31 of the MMDR Act, 1957, the Government of India reached at an agreement with Government of Karnataka and the Ministry of Steel to extend Donimalai Iron ore lease.

Donimalai Iron ore mine, which has a total concession area of 597.54 Ha and an estimated resource of 149 MT shall increase the annual Iron ore production in the country by 7 MTPA. Based on the existing high price of ore, it is expected that Donimalai Iron ore mine will contribute around INR 400 crore to the State Exchequer, during the ongoing financial year.

The operationalization of the mine would contribute a total of around INR 1100 crore to the State exchequer per annum. It will also make the nation a step closer towards the vision of the Government to achieve 300 MTPA crude steel capacity by 2030-31. The mine shall offer direct Employment to thousands of people (including the contract labors) and create indirect employment opportunities for lakhs of people.

The operationalization of the mine shall bring a sense of security for more than two dozen SMEs (with 100s of employees) near Donimalai area that were directly or indirectly dependent on NMDC for supply of raw material. Further, the Local community dependent on NMDC CSR activities will not be deprived of benefits, like Hospital, Free Transport, RO water facilities etc.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
©2023 All rights Reserved. Orissa Film and Media Association || Powered By DATAGRAM INDIA
x

Check Also

Odisha CM Naveen Praises Efforts of Team Odisha for Gold Award at IITF

Bhubaneswar:6/12/23:CM Shri Naveen Patnaik appreciated the efforts of the Information & Public Relations Department, Government of Odisha team for bagging gold medal at the India International Trade Fair 2023. CM ...