Bhubaneswar, Aug 8: Today the State Cabinet allowed state-run Odisha Mining Corporation (OMC) to export iron ore which would help the company meet its revised ore production target for the current year.
Changes in the long-term ore linkage policy through OMC in order to clear supply through various other ways were also approved by the Cabinet. The State government’s proposal for long term supply of ore from OMC to industrial units in the State facing a shortage of iron ore has also been given a green signal by the Cabinet.
Notably, the OMC has been trying to set a revised target to produce 8.64 million tons of iron ore and chrome in the current financial year which it achieved just two days back. The corporation had recorded a production of 6.9 million tons of the two mineral in 2015-16.
