Kudremukh Iron Ore Company Explained

KIOCL Limited
Owner:Ministry of Steel, Government of India
Type:Central Public Sector Undertaking
Traded As:
Foundation:1976
Location: Bangalore, India
Key People:Shri T Saminathan Chairman and MD[1]
Revenue: INR 497.3 million (2016-17)[2]
Homepage:www.kioclltd.in

KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a central public sector undertaking under the ownership of the Ministry of Steel, Government of India, with its head office and administrative activities in Bangalore.[3] It has a pelletisation plant in Mangalore and an iron ore mine in Kudremukh (Chikkamagaluru district). The Kudremukh mine, one of the largest iron ore mines in the world, was closed in 2006.

The captive mining took place at Kudremukh on the Western Ghats range. The mined ore was transported 110 km through slurry pipelines running through the districts of Udupi and Dakshina Kannada up to the pelletisation plant in Panambur,[3] adjacent to the premises of the New Mangalore Port.

The pellet plant, with a capacity of 3.5 million tons per annum, was commissioned at Mangalore in 1987.[3] The plant was stopped in 2011 but in 2014, it resumed producing and exporting pellets, running on ores supplied by NMDC Limited.[4] The pellets have been shipped to countries like China, Iran, Japan, and Taiwan.

In 2017, there were plans to restart captive mining operations, now at Sanduru in the Bellary district.[5] [2]

Controversies

In 2016, KIOCL planned to develop a commercial resort in the Kudremukh National Park, refurbishing some of its unused buildings since the closure of the mine. The project had not obtained an environmental clearance. In October 2016 the Ministry of Environment and Forests ordered to stop the work immediately.[6]

General references

Notes and References

  1. Web site: Our Chairman . KIOCL Limited . 16 October 2017 . 16 October 2017 . https://web.archive.org/web/20171016225814/https://www.kioclltd.in/user/cms/47 . dead .
  2. Web site: Annual Report . Annual Report 2016-2017 . KIOCL Limited . 16 October 2017 . 16 October 2017 . https://web.archive.org/web/20171016225841/https://www.kioclltd.in/user/cms/39 . dead .
  3. Web site: Origin of KIOCL . KIOCL Limited . 16 October 2017 .
  4. Web site: After 7 years, Kudremukh Iron Ore Company Limited comes to life again . DNA India . 16 October 2017 . 12 January 2014 .
  5. Web site: KIOCL Ltd to restart mining in Bellary . The Hindu Business Line . 16 October 2017 . 31 August 2017 .
  6. Web site: KIOCL ordered to terminate work on resort in Kundremukh National Park . . 16 October 2017 . 12 November 2016 .