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OMC to supply iron ore to Adhunik Metaliks

July 31, 2012 Leave a comment

Orissa Mining Corporation (OMC) has signed long-term sales agreements with Adhunik Metaliks and Rexon Strips to supply iron ore for next five years from its Kurmitar Pahar mines in Khandadhar area in Koira mining circle of Sundergarh district.

These companies will get one million tonne iron ore every year for a period of five year from Kurmitar mine (Khandadhar). Adhunik Metaliks and Rexon Strips have agreed to develop a conveyor belt system in the area to augment iron ore evacuation from the mine, which is spread over 1,212 ha and estimated to have over 60 million tonne iron ore deposits. These companies will invest between Rs 100 to Rs 150 crore on their own in setting up the conveyor belt in lieu of our commitment to supply them iron ore continuously for five years at prevailing market rates.

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