Odisha Mines Minister Prafulla Mallick confirmed that the state has registered a sharp fall in mining revenue in 2016-17 against the targeted revenue. The drop is of around Rs 2,000 crore.
The total revenue from mining stands at Rs 4,500 crore against the target of Rs 6,500 crore. The drop in revenue has been attributed to the sharp fall in global demand for iron ore this year says Mr. Prafulla Mallick.
Mr. Mallick also confirmed that auction of Netrabanda, Kalamunda iron ore mine blocks & Garamura limestone block to be completed by May 2017.
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