NMDC for nationalisation of small mining companies

India’s largest iron ore miner National Mineral Development Corporation on Tuesday said it would be better to nationalise small miners around the country since they are often found guilty of illegal mining and environmental degradation. The state-run miner with an iron ore roduction capacity of 30 million tonnes per annum (mtpa) has been hit by the Supreme Court ban on all mining activities in Bellary in Karnataka. The company said that the Lokayukt report released last week as well as the SC order gave an impression that every miner was at fault, which was not correct.

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