Posted in | News | Iron Ore | Manganese

Adhunik Metaliks Commences Operations in Orissa

By Joel ScanlonNov 17 2010

Indian steelmaker Adhunik Metaliks said that it had commenced operations at three mines in the Indian state of Orissa despite not having received all regulatory approvals to begin the development of the iron ore deposits in the state. The three mines in question are Tentulidihi, Sanpatholi and Kusunidihi.

Orissa Manganese and Minerals Limited (OMML), the wholly-owned subsidiary of Adhunik Metaliks, has already received the approval of the Central Empower Committee (CEC) for its mining operations in the Suleipat Iron Ore Mines. It is just waiting for the state approval to begin mining as per a company statement made to the Bombay Stock Exchange.

The company has already paid the Rs. 26 crore which was the NPV or Net Present Value of the three mines during the last quarter. The mining company is involved in exploration, development and processing of mineral assets in the state. It has a number of manganese and iron ore mines in the states of Orissa and Jharkhand.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Adhunik Metaliks Commences Operations in Orissa. AZoMining. Retrieved on April 28, 2024 from https://www.azomining.com/News.aspx?newsID=1447.
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Scanlon, Joel. "Adhunik Metaliks Commences Operations in Orissa". AZoMining. 28 April 2024. <https://www.azomining.com/News.aspx?newsID=1447>.
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