India:Odisha govt allocates two auctioned mines to OMC

The Jilling-Langalota and Guali iron ore mines in Odisha have been allocated to Odisha Mineral Development Corporation (OMC) by the state govt, the state-owned miner posted on Twitter recently. The two mines, with combined capacity of around 12 mn t, had won high premiums at the mineral auctions held in Jan’20. However, the new lessees could not commence production at the mines amid overall supply shortfall from Odisha. The allocation of the mines to OMC could boost supplies.


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