KIOCL allotted mine in Karnataka.

KIOCL Ltd. (formerly Kudremukh Iron Ore Company Ltd.), a profit making Central PSU under Ministry of Steel, has been allotted a mine in Karnataka.

The Union Minister of State for Steel and Mines Vishnu Deo Sai told Lok Sabha in a written reply that the Ministry of Mines had sanctioned 30-year lease for iron and manganese ores in an area of 116.55 hectares in Hombalagatta and Hosahalli villages of CN Halli Taluk in Tumkur district.

Vishnu Deo Sai said the requisite clearances are under process with concerned authorities.

KIOCL has expertise in mining and beneficiation of iron ore for more than 25 years. The company had operated a mechanised magnetite iron ore mine to produce 22.5 million tonnes of run of mines (ROM) a year with modern beneficiation technology to produce 7.5 million tonnes of iron ore concentrate in the country till the end of 2005.

KIOCL stopped mining operations at Kudremukh since January 1, 2006, as per the order of Supreme Court, as the area was declared as a national park.


HBL