Union Minister of Coal and Mines Prahlad Joshi on Tuesday laid foundation-stone of a crusher and conveyor system at the Nalco Mining & Refinery (M&R) Complex in Damanjodi.
The system would feed bauxite for the 5th stream of the refinery. The project costing around Rs. 483 crore is expected to be completed by April 2022.
Stating that Odisha has about 51% of bauxite, 25% of coal and 34% of iron ore resources of the country apart from 96% of chromite and 44% of manganese, Joshi said, “Our Government has taken a number of steps to unlock the mining potential of minerals-rich States for the benefit of the country as well as the population residing in these areas.”
Earlier on Monday, Joshi had chaired a review meeting of Nalco at Visakhapatnam and directed the senior officials of the company to ramp up production to achieve the annual target. He expressed his happiness over the Nalco becoming the world’s cheapest producer of bauxite and alumina for the 4th consecutive year.