KIOCL is reportedly planning to revive mining after a decade in Karnataka, after the state granted the company a lease of over 474 hectares at Devadaru hills in Ballari. The state-owned company had suspended mining in the eco-sensitive Western Ghats following a Supreme Court directive in 2006.
The company has already prepared an action plan and initiated the process for obtaining the necessary statutory clearances. Once approvals are given, it would invest Rs 1,500 crore in a pellet plant and also a unit to enrich iron ore from the mines.
