Director of Mines, Odisha has given a clarification on Royalty for Iron Ore allotted to standalone Iron & Steel industries in the state in pursuance of notification No 4822/SM dt 26 June 2014 (50:50 rule).
” With reference to notification no 10827/DM dt 12.12.2014, some of the allottes have sought clarification on prices of Iron ore, in this connection the mentioned prices (pls find attachment) in the notification are ‘inclusive of royalty’” according to latest notification issued from Director of Mines Office.
Sponge Manufacturers agree to lift material
State based Sponge Iron manufacturers have agreed to lift the material on condition that prices are inclusive of royalty, mentioned a sponge manufacturer. Although he also blamed that miner has refused to supply him the ore saying that they have limited production and they want it for their own consumption.
Order needs further clarification
There is a mixed response from miners, some disagree to supply the ore at the prices mentioned by the government and some wants more clarification on payment and quality.
“We agree to supply Iron ore to steel units at prices mentioned by state government but we need more clarity on quality and payment terms. Government has just mentioned the Fe content, it has other components like Tumbler index, percentage of fines, silica content.” said a miner based in Odisha.
Notification from Director Of Mines on Royalty
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