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:

Fast-tracking Projects

REUTERS SHOWCASE

Oil Prices

Oil Prices

Brent oil rises above $62 as energy firms slash investments  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market   Full Article 

Coal India Strike

Coal India Strike

Coal India workers threaten five-day strike, stokes output worries  Full Article 

Gold Discount

Gold Discount

Dealers offer gold discount for first time in five months  Full Article 

Lakhvi Granted Bail

Lakhvi Granted Bail

Pakistan court bails man accused of masterminding Mumbai attack  Full Article 

GST Bill

GST Bill

Cabinet clears bill for nationwide goods and services tax.  Full Article 

Aviation Sector

Aviation Sector

Breakingviews: SpiceJet rescue is no fix for India aviation woes.  Full Article 

Global Economy

Global Economy

Fed confident on U.S. growth, opens door wider to rate hike.  Full Article 

Reuters Poll

Reuters Poll

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

Reuters India Mobile

Reuters India Mobile

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