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:

Reuters Showcase

Land Ordinance

Land Ordinance

Modi says willing to make changes in land decree  Full Article 

Sahara Salaries

Sahara Salaries

Some staff say Sahara has not paid salaries for months   Full Article 

DLF Fined

DLF Fined

DLF says reviewing $8.4 million SEBI penalty  Full Article 

Gold Demand

Gold Demand

India gold demand muted, eyes cut in import duty  Full Article 

Rail Budget

Rail Budget

Breakingviews - India goes back to future with $137 bln rail push  Full Article | Full Coverage 

Clean Energy

Clean Energy

India says clean energy a $160 billion opportunity over five years  Full Article 

Fall From Grace

Fall From Grace

How Sands fell from grace at Standard Chartered   Full Article | Related Story 

Buffett Annual Letter

Buffett Annual Letter

Buffett, a cheerleader for America, takes his checkbook abroad  Full Article 

Reuters India Mobile

Reuters India Mobile

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