SC Allows Kudremukh To Mine Till 05

New Delhi, October 30: | Updated: Oct 31 2002, 05:30am hrs
Giving a new lease of life to Kudermukh Iron Ore Company Ltd, the Supreme Court on Wednesday allowed it to continue its mining activities in Karnataka till 2005, but warned that mining has to be carried out in already broken up area.

KIOCL had pleaded that it should be allowed to continue mining till 2006 on the ground that it had to meet several international commitments.

Appearing for the company, senior advocate KK Venugopal had submitted that when the company was set up in 1969, it had a 30 year lease and the agreement gave it the option to extend the mining lease.

He said that the company had been taking a number of steps so as not to pollute the environment. He said the state had repeatedly stated that it had no objection to the company carrying on its mining activity till 2006.