Tag: IRON ORE

India: Old iron ore lessees in Odisha liquidate around 2 mn t of inventory after High Court order

Dec 23, 2021

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by

Admin Operation

in Fines/Lumps

Odisha auctioned 19 iron ore mines before 31 Mar’20 just as Covid-19 started spreading. Under the Mineral Concession Rules 2016, the former lessees were given seven months (from Mar’20) to liquidate their inventories mined before 31 Mar’20. The stocks with these miners as on 31 Mar’20 totalled around 40 mn t and the closing stock…