Union Cabinet Minister HD Kumarswamy approves KIOCL to operationalise Devadari Iron Ore Mine
The newly appointed Union Cabinet Steel and Heavy Industries Minister H D Kumaraswamy has signed the first official file of the Ministry, approving Kudremukh Iron Ore Company Ltd (KIOCL) to operationalise the Devadari Iron Ore Mine.
“The first file of KIOCL was signed for the operation of the Devadari iron ore mine,” as posted in the twitter.
A mining lease has been executed with Mines and Geology department of Karnataka government for extracting iron and manganese ore on 388 hectares of land for a period of 50 years.
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The mining operations in Devadari will be a lifeline to the KIOCL post the closure of iron ore mining in Kudremukh in Chikkamagaluru district in 2006, the company has been dependent on ore from Chhattisgarh for its plant in Mangaluru.
The KIOCL, a central public sector enterprise under the Steel Ministry and an iron-ore exporting unit, had planned to start mining operations at the Devadari Iron Ore mine in Sandur taluk of Ballari district. The company has plans to produce around 3 Lakh tonnes per annum in FY25.
In this regard the company has already secured statutory clearances, including Indian Bureau of Mines, Ministry of Environment and Forests and Karnataka State Pollution Control Board.