Friday, December 05, 2025 | 09:38 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Govt extends NMDC's Donimalai iron ore lease after two-year suspension

Centre signs agreement with Karnataka govt and Ministry of Steel in this respect

iron ore mine
premium

Restarting the mine would contribute a total of about Rs 1,100 crore to the State exchequer a year.

T E Narasimhan Chennai
The Government of India has signed an agreement with the Government of Karnataka and the Ministry of Steel to extend Donimalai Iron ore lease. NMDC has been operating the mine, but operations were suspended since November 2018.

The mine is extended for 20 years with effect from November 2018. 

Exercising the power conferred to GOI under section 31 of the MMDR Act, 1957, the Government of India reached at an agreement with Government of Karnataka and Ministry of Steel to extend Donimalai Iron ore lease, said NMDC.

The company further said that the decision has not only paved way for