State-run National Aluminium Company (NALCO), India’s third largest aluminium producer, has stopped operations at its only bauxite mine at Panchpatmali in Odisha due to expiry of its mining lease. The company’s Odisha mine has a deposit of more than 310 million tonnes of bauxite.
The company is expected to resume operation by the end of this month, as it will apply for a temporary permit to resume mining. The company had applied nearly two years ago for the renewal of the lease which expired on November 16.
