Miners to get some relaxation after the Supreme Court’s order for closure of 26 mines running under deemed renewal in Odisha on 16 May, 2014, as the state government may allow sale of inventories piled up at mines head, according to sources.
Earlier, the state government had referred 13 mines namely Tata (Joda East,Joda West, Bamberi, Khandbandh, Katamati, Guruda,Manmora), SAIL (Bolani, Barsuan), OMC (Kurmitar), KN Ram (Roida), MESCO (Roida), KayPee (Thakurani) to center for renewal on priority basis provided they fulfill the conditions set by the state government.
Sources close to this matter mentioned that the government may allow ‘Sale of stock’ or permit dispatches from 10 mines including KN Ram, Kaypee Enterprises, MESCO and some mines of Tata Steel & SAIL.
A senior official of Department of Mines (Odisha government) mentioned that there are 10 mines which have been proposed. We are waiting for approval from higher authorities. Chances are high that they may be allowed to liquidate their stock.
If the state government allows to sale, it will be a big relief for steelmakers and Sponge manufacturers in the country. Iron ore and Pellet prices which are soaring high will see resistance, said a Sponge manufacturer based in eastern India.
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