Revival of Kudremukh Iron-Ore Mines
Consequent upon the verdict of Hon’ble Supreme Court, mining operations at Kudremukh Iron Ore Mines in Karnataka was stopped on 31st December, 2005.
KIOCL Ltd. Has written off Rs. 61.65 crores during 2005-06, being the written down value of plant and machinery and building, as on the date of closure of Kudremukh Mine. KIOCL Ltd. Is incurring an expenditure of around Rs. 60 crores per annum on Kudremukh site towards salary and other amenities of employees posted at Kudremukh, security of plant and machinery and for maintenance of plant and equipment at Kudremukh.
Restarting of Kudremukh mining activities cannot be undertaken without specific clearance from the Hon’ble Supreme Court, hence no specific time frame can be fixed for reopening of the mine.
This information was given by the Minister of State for Steel Shri A. Sai Prathap in a written reply in the Rajya Sabha today.
Consequent upon the verdict of Hon’ble Supreme Court, mining operations at Kudremukh Iron Ore Mines in Karnataka was stopped on 31st December, 2005.
KIOCL Ltd. Has written off Rs. 61.65 crores during 2005-06, being the written down value of plant and machinery and building, as on the date of closure of Kudremukh Mine. KIOCL Ltd. Is incurring an expenditure of around Rs. 60 crores per annum on Kudremukh site towards salary and other amenities of employees posted at Kudremukh, security of plant and machinery and for maintenance of plant and equipment at Kudremukh.
Restarting of Kudremukh mining activities cannot be undertaken without specific clearance from the Hon’ble Supreme Court, hence no specific time frame can be fixed for reopening of the mine.
This information was given by the Minister of State for Steel Shri A. Sai Prathap in a written reply in the Rajya Sabha today.
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