17 Odisha mines to be auctioned this year

| | BHUBANESWAR | in Bhubaneswar

Odisha is the mining capital and it is one of the major performing States in the mining sector in the country, said Union Mines Secretary Anil Mukim here on Friday.

Talking to reporters after meeting Chief Minister Naveen Patnaik at the State Secretariat, Mukim said Odisha has done considerable work as far as mining activities are concerned. Moreover, 17 new mines including iron ore would be auctioned in 2018 in Odisha.

“Nalco has recorded profit of more than Rs 600 crore in the first quarter and they are going to sustain it for rest of the quarters,” said Mukim.

The Union Mines Secretary further informed that Odisha has Rs 5,000 crore under the District Minerals Fund (DMF). Several new projects under DMF are being approved while the monitoring mechanism has also been put in place in the State.