Don’t miss the latest developments in business and finance.

NMDC says talks underway for extension of Donimalai mine lease

Image
Press Trust of India New Delhi
Last Updated : Dec 27 2019 | 3:25 PM IST

State-owned NMDC on Friday said production from its Donimalai mine in Karnataka will resume soon as discussions at the higher level were underway for extension of the mining lease.

The Donimalai mine, with a capacity of seven million tonnes per annum (MTPA), was mired in controversy over renewal resulting in the cancellation of lease last year, which subsequently suspended the production from the mine.

On likely extension of Donimalai mine lease, NMDC Director (Production) P K Satpathy said, "High-level discussions are going on. ...we are hopeful that in the coming future...one month, 15 days it can happen any time. All ground work has been done and logically we are on the right track. So there is no point for state government to withhold our extension of lease."

Also Read

First Published: Dec 27 2019 | 3:25 PM IST

Next Story