Odisha registers drop in mining revenue, to auction 3 mines by May

Bhubaneswar: In 2016-17, the State government has been able to collect Rs 4500 crore revenue from mines against the target of Rs 6500 crore, informed State mines minister Prafulla Mallick on Friday.

While the previous year the figure was Rs 5400 crore, ‘’the sharp drop in revenue is attributed to fall in global demand of iron ore and steel,” Mallick clarified.

On auction of mines, he said the Odisha government will complete the auction process of two iron ore mines and one limestone block by end of May. The mines are Netrabanda and Kalamunda iron ore mines & Garamura limestone block. The limestone block will be re-auctioned as it didn’t find any bidder in the last auction, he added.

“We have already notified about the auction in March. If everything goes well, we will be able to complete the process by end of May,” Mallick stressed.

The minister further stated 5-6 more iron ore mines would be auctioned by the end of current financial year. Asked if the State government is mulling to auction any bauxite mines in the State, he said nothing has been finalised in this regard.