Karnataka iron ore mines to become fully operational in 2 years: FIMI
Mumbai: Iron ore mining in Karnataka will take a minimum of two years to become fully operational after the Supreme Court verdict allowed resumption of mining at category-A & B mines in the State, an industry official has said.
Also, out of the 115 mines that will be eligible to re-start operations, as many as 35-40 are not likely to start operations due to various issues he added.
“It will take over two years for all the mines to be re-opened in the State and become fully operational. After they become functional, their production capacity will be around 25 million tonnes,” Federation of Indian Mineral Industries (FIMI) Vice-President Basant Poddar told PTI.
For the current financial year, the production will not exceed 15 mt, he added.
Last week, the Supreme Court had allowed the opening of category-A & B mines in the major iron ore producing state of Karnataka, while ordering a complete closure of category-C mines.
Following a dreadful washout in the four-State Assembly polls, a humbled Congress accepted its defeat and called for a much needed introspection to rethink their strategy ahead of the 2014 Lok Sabha polls.
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