Odisha decides to give certain laterites deposits to Vedanta

Image
Press Trust of India Bhubaneswar
Last Updated : Mar 20 2015 | 5:48 PM IST
The Odisha government today announced in the state assembly its decision to provide certain laterites deposits to Vedanta Aluminium Ltd (VAL).
"The state government has decided to provide certain laterites stone mines to Vedanta which requires bauxite for its refinery at Lanjigarh," Odisha Steel and Mines Minister Prafulla Kumar Mallick said in the assembly while replying to a question of Congress member Chandrasekhar Majhi.
Stating that VAL has been told to sign agreement with the state government to go ahead with exploration of laterites stone mines, the minister said the company would use technology for conversion of the mineral.
Laterites are soil types rich in iron and aluminium, formed in hot and wet tropical areas.
Earlier VAL had urged the state government to secure alternate bauxite supplies and also to fast track its applications for three small laterite deposits in Koraput district for mining lease.
VAL urgently required alternate raw material supplies after being denied permission to mine bauxite atop the ecologically sensitive Niyamgiri hills by the Union Ministry of Environment and Forests (MoEF). The company was running its one million tonne refinery at Lanjigarh by sourcing bauxite from states like Maharashtra, Gujarat, Jharkhand and Chhattisgarh.
The laterite mines were considered to be a short-term breather for VAL's refinery. VAL had also filed 33 applications for alternative bauxite mines currently pending at different stages of approvals. These included Karlapat (south), Sasbahumali, Gandhamardhan and Ghusramali.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 20 2015 | 5:48 PM IST

Next Story