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Ahead of mining ops restart, Odisha fixes ore pricing norms

Ahead of the resumption of operation in 29 mines in the state, Odisha government on Tuesday fixed the modalities of pricing iron ore and asked mines lease holders to have better coordination with the local industries which faced shortage of raw material for the end use.

"The mines lease holders were told to have better coordination with local industries and help them in availing iron ore for the end use. Discussion was also held to ensure the coordination over supply of raw material to local industries.” 

“The policy of 50:50 distribution was made clear at the meeting," said Director of Mines Deepak Mohanty after a meeting between mines lease holders, local industries and senior officials of the steel and mines department.

Earlier the state government has made a policy saying that the mines lease holders will supply 50 per cent of their ore production to local industries while they are free to sale the remaining portion in the open market. The policy has been made to ensure that the industries operating within the state do not starve for the raw material.

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