OMC Can Export Minerals, Sell To End-user Industries

Bhubaneswar: The Odisha cabinet on Monday approved the amendment in the long term ore linkage policy to industries.

The government allowed Odisha Mining Corporation (OMC) to sell mineral to end-user industries having their captive mining leases to meet the shortfall quantity of minerals.

OMC will supply ores to the end-user industries following the recommendations of a committee chaired by the Industry Secretary, on annual supply agreement.

Earlier, OMC was providing raw material to the steel making industries, which don’t have captive mines.

The cabinet also approved that OMC could export the raw material remaining unsold after meeting the requirement of long term linkage, the annual supply agreement, and e-auction.

This will enable OMC to meet the requirement of minerals of state-based end-user industries and to dispose of the stocks remaining undisposed after meeting the requirement of state-based industries and successful bidders in e-auction.