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OMDC suspends operations at iron ore, manganese mines

23 Jan 2012 Evaluate

Orissa Minerals Development Company (OMDC) hassuspended operations at its Kolha Roida and Dalki mines after not gettingpermission to lift ore from the mines. Thecompany, a part of the Bird Group of Companies, had resumed development andmining operations in both the mines in Keonjhar district of Odisha on December29 last year. OMDC, which had closed the mines about three years back after itsmining leases in Odisha expired and approvals lapsed, had sought an expressionof interest (EoI) from players looking to purchase iron ore from the companyshortly after reopening the same.The reopening was designed to help the firmstart operations once again as all six of its iron and manganese ores locatedat Keonjhar in Orissa are inoperative due to their closure on account ofnon-availability of environment and forest clearances. As per estimates, theKolha Roida mine has an annual production capacity of 30 lakh tonne of iron oreand 2.4 lakh tonne of manganese ore. OMDC is one of the three firms in the BirdGroup of Companies. Rashtriya IspatNigam Ltd (RINL), which holds a majority stake in the Bird Group of companies,was scheduled to buy iron and manganese ore from OMDC.

OMDC Share Price

4183.85 -172.35 (-3.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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