NMDC is all set to resume operations at its Donimalai Iron Ore Mine in Karnataka following the state high court order in favour of it over a dispute related to 80 per cent premium imposed by the state government.
The company in November last year suspended the iron ore mining from Donimalai in Ballari district after the state government by its November 2, 2018 order imposed premium equivalent to 80 per cent of average sale price of iron ore while extending the mining lease for a period of 20 years. After closure of Donimalai Iron Ore Mine for more than eight months, NMDC is set to resume operations in accordance with the Honourable High Court of Karnataka decision.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
