Wednesday, September 28, 2022

Pralhad Joshi lays foundation stone for Crusher & Conveyor system at NALCO

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New Delhi: Union Minister for Coal and Mines Pralhad Joshi laid the foundation stone for a Crusher and Conveyor system at NALCO’s (National Aluminium Company) Mining and Refinery (M&R) complex in Damanjodi, Odisha on Tuesday. According to a press release from the Ministry of Coal, the ‘Crusher and Conveyor’ system will feed bauxite to the 5th stream of Alumina Refinery of the company. The project is expected to be completed by April 2022 and would cost around Rs 483 crores.

While interacting with employees of NALCO, the minister said, “We as a country aim to reach a $5 trillion economy by 2024 and I am sure NALCO will be a success story in this growth trajectory.”

“We as a country aim to reach a $5 trillion economy by 2024 and I am sure NALCO will be a success story in this growth trajectory”- Union Coal Minister Pralhad Joshi

While noting that Odisha has about 51 percent of bauxite, 25 percent of coal and 34 percent of iron ore of the country’s total reserves of these minerals, apart from 96 percent of Chromite and 44 percent of Manganese, Joshi said, “Our government has taken a number of steps to unlock the mining potential of mineral-rich states for the benefit of the country as well as the population residing in these areas.” He also appreciated the state government for supporting mining activities in the region and highlighted that it will help in boosting the economy and bringing development to the state.

Earlier on February 24, the minister had chaired a review meeting of NALCO at Visakhapatnam and directed the senior officials of the company to ramp up production to achieve the annual target while paying due attention to safety. He expressed his happiness over NALCO becoming the world’s cheapest producer of Bauxite and Alumina for the 4th consecutive year. He also praised NALCO for achieving capacity utilisation in the midst of challenges arising out of operating in a remote location.

Joshi also visited Panchpatmali bauxite mine located in the Koraput district, the largest bauxite mine in Asia, having a bauxite deposit of approximately 310 million tonnes.

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