NALCO halts operations at bauxite mine - exec

BHUBANESWAR Mon Nov 19, 2012 2:43pm IST

Related Topics

Stocks

   

BHUBANESWAR (Reuters) - State-run National Aluminium Co Ltd (NALCO)(NALU.NS) has suspended operations at its only bauxite mine in Odisha as its mining lease has expired, Ansuman Das, chairman and managing director said on Monday.

The disruption at Panchpatmali mine in the Koraput district of Odisha, which has a deposit of more than 310 million tonnes of bauxite, is expected to have no immediate impact on its alumina refinery, as NALCO will apply for a temporary permit to resume mining, Das said.

"We have taken up with the government and expect to resume operations by the month end," Das told Reuters.

"For the next three weeks Nalco will stick to its commitments both in terms of sending alumina to the smelter and to meet all its export commitments," Das added.

NALCO, India's third largest aluminium producer, had applied nearly two years ago for the renewal of the lease which expired on November 16.

(Reporting by Jatindra Dash; Editing by G.Ram Mohan)

FILED UNDER:

INTERNAL SECURITY

REUTERS SHOWCASE

Setback For Sahara

Setback For Sahara

Supreme Court defers verdict on Sahara plea to raise more debt on hotels  Full Article 

SpiceJet Crisis

SpiceJet Crisis

SpiceJet says fleet grounded on lack of fuel  Full Article 

Drug Patents

Drug Patents

Novartis sues Cipla over respiratory drug Onbrez   Full Article 

Boost for Tata Steel

Boost for Tata Steel

Tata Steel restarts key iron mines amid shortage  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

India Outlook

India Outlook

ADB trims growth forecasts for developing Asia, says India to grow 5.5 pct in 2014  Full Article 

Real Estate

Real Estate

HDFC to raise $500 mln real estate private equity fund - sources  Full Article 

Banking Sector

Banking Sector

Japan banks to bulk up India presence on improving ties   Full Article 

U.S. Spending Bill

U.S. Spending Bill

Obama signs bill $1.1 trillion government spending bill  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage