New Delhi: NALCO has signed a mining lease deed with the Odisha state government on Thursday for Bauxite mines in Pottangi Tehsil of Koraput district, the Public Sector Undertaking (PSU) said. These mines have an annual production capacity of 3.5 Million Tonnes (MT) and have reserves estimated at 111 million tonnes, which is equivalent to a mine life of 32 years.
“NALCO has executed a Mining Lease deed with the State Government of Odisha today i.e. 13.06.2024 over an area of 697.979 hectares for Bauxite Mines in Pottangi Tehsil, Koraput District. The mines has an annual production capacity of 3.5 million tonnes and has reserves estimated at 111 million tonnes, projecting a mine life of 32 years,” said NALCO.
“This strategic move ensures a secure supply of raw material for NALCO’s existing refinery and supports future expansions. With this enhanced resource base, NALCO is poised to strengthen its position in the Aluminum Industry, optimise production efficiency and meet the growing demand for Aluminum domestically and internationally,” said NALCO.
NALCO added that the mines is expected to become operational soon after it obtains the remaining requisite statutory clearances. “The mined Bauxite would be transported to NALCO Refinery at Damanjodi through an Overland Conveyor of 18.5 Km,” said the PSU.
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