Lease for NMDC Donimalai Mine renewed for 20 years

13th Nov 2018

National Mineral Development Corporation (NMDC) acquired a 20 year extension on its lease agreement of Donimalai mines from the Karnataka State government.

In a release, NMDC said the lease deed of Donimalai iron ore mine has expired on November 3. The Karnataka government extended it from November 4 for two decades. The other formalities are in the process.

The NMDC has done extensive exploration and developing iron ore mines in Karnataka which includes Kudremukh, Donimalai, Bagabudan, Kumaraswamy and Ramanadurg during the past three decades. The Donimalai mine is being developed to export ore to Japan and South Korea.

Source: THE HINDU BUSINESSLINE