Breaking News

Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

Suspension order for operations at Vedanta iron ore mine in Karnataka eliminated

300144_1716361363_small.png
Large Corporate 22 May 2024 12:32 PM IST Economic Times

The suspension order on mining operations at Vedanta's iron ore mill in Chitradurga, Karnataka, has been lifted, the firm announced. In April, Vedanta Ltd informed the BSE that mining operations at the iron ore mine would be temporarily suspended due to noncompliance with the authorised mining plan.

"The Office of the Regional Controller of Mines, vide order dated May 21, 2024, has revoked the earlier order of suspension of mining operations under Rule 11(2) of the Mineral Conservation and Development Rules, 2017 in respect of our A. Narrain Iron Ore Mine," the company said in a filing to the BSE.

The Office of Regional Controller of Mines in Bengaluru issued an order to halt mining operations.

"In response to the cited violations, we had sought permission to undertake rectification work, and subsequently on examination of the submitted information and an inspection of the rectification work undertaken, the authority has expressed satisfaction with the measures implemented," the filing said.

As a result, the filing stated that the mining operations suspension order was revoked. The corporation maintained that there was no discernible negative effect from the stoppage.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources companies. It operates in countries such as India, South Africa, Namibia, and Liberia and has significant operations in sectors like oil and gas, zinc, lead, silver, copper, and iron ore.