KIOCL in talks for third party pellet conversion jobs

July 20, 2008

July 20th (Sify) – Kudremukh Iron Ore Company Ltd (KIOCL) is negotiating with NMDC, Ispat Industries, JSW Ltd and Mysore Minerals Ltd (MML) to secure conversion jobs to utilise spare capacity of its pellets plant. According to the proposal, the company will receive ore from the contracted parties for conversion into pellets.

The company also plans to appoint an internationally reputed agency to prepare a detailed report on the possibility of resuming mining operations at the closed Kudremukh mine without disturbing the ecology. The process to appoint the consultant may begin in the next two months. The mine was closed in January 2006 following a Supreme Court order on environmental concerns.

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