Sarada Mines in dock for Rule-37 violation

Probe finds the company selling entire produce to JSPL without agreement

Sarada Mines is in the dock for glaring violation of Rule 37 of Mineral Concession Rules (MCR)-1960. The lessee which holds lease of the Thakurani iron ore mines spread over 947.04 hectares in Keonjhar district has been found to sell its entire run of mine (ROM) produce to Jindal Steel & Power Ltd (JSPL) without any agreement. According to an enquiry report of a five-member committee of steel & mines department headed by P C Patra, deputy director of mines (Bhubaneswar), the major benefit of the mine is flowing to JSPL. The present arrangement of selling ROM to JSPL by Sarada Mines ...