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Govt opens up vistas for mineral auction

As far as the bidding for mining blocks are concerned, Odisha Government has taken steps to open up vistas for…

Govt opens up vistas for mineral auction

FICCI round table discussion on Odisha Mining Scenario in Bhubaneswar on Friday.

As far as the bidding for mining blocks are concerned, Odisha Government has taken steps to open up vistas for mineral auction with insistence on prospecting as par as UNFC guidelines. Significantly the drilling have been outsourced which will not only hasten the process for reserve determination but also lead to hastle free determination of the blocks that the miners wish to bid for said Sanjeev Das, senior VP, IMFA at a FICCI round table on mining scenario in the state on Friday.

“There are many factors contributing to such fluctuations including court judgements and field investigation by authorised agencies lead to reduction os leases across the country including Odisha. However, despite the hurdles, the production and despatchs of Odisha have shown very steady signs”, he said.

Das said that the production as on January 2018 stood at 204.24 million and despatches have grown up to 224.69 million. R K Sharma, Principal Secretary of the steel and mines department of the state said, “The Govt will not get affected by closure of few mines because in the past similar situations had been handled successfully.”

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To overcome the problem miners can file curative petition in Supreme Court. As mines are subject of central government, state government has little option to do. Mr. Manish Kharbanda, Executive Director , Jindal Steel and Power Limited, Sanjeev Nandwani, president, Mideast Integrated Steels Limited, Sankar Pratap Singh of JSW Limited, Manikant Nayak, CRE, Tata Steel Limited and President of EZMA, Prabodh Mohanty also sopke.

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