Bhubaneswar: The State Cabinet on Monday allowed state-run Odisha MiningCorporation (OMC) to export iron ore, a decision expected to help the company meet its revised ore production target for the current year.
The Cabinet also approved the amendment in the long term ore linkage policy throughOMC to clear its supply glut through other mechanisms.
“As per existing rules, the OMC can enter into an agreement for long term supply of ore to end-user companies or go through e-auction. Now it has been decided that they (OMC) can dispose of ore through other mechanisms also and export their iron ore. The primary reason behind the decision is that there is enough ore available with everybody and we would like to sell this ore,” chief secretary AP Padhi told media persons after the Cabinet meeting.
