It is also considering setting up a cement plant at Bagalkot
BELLARY: The State-owned Mysore Minerals Ltd. (MML) is planning to expand its activities in a big way. Apart from continuing to extract iron ore and quarrying granite, MML is contemplating setting up a cement plant at Bagalkot to make use of the limestone on land it has leased.
This was disclosed by P. Ganeshan, Managing Director of MML, after donating a cheque for Rs. 10 crore to be used for the development of infrastructure in Bellary city, at a function here on Tuesday.
Mr. Ganeshan said that MML had decided to revive mining and quarrying and the units adding value to the products. As the first step it had decided to dispose of around one million tonnes of the three million tonnes of waste dump in two of its mines in Bellary district besides increasing the extraction of iron ore. “Waste dump is in demand and needs to be disposed of. MML has taken the required permission and the process will begin soon,” he said.
He said that the decision to increase the extraction of ore, when all other mining companies had adopted a go-slow approach, was taken keeping in view the interests of all — employees, lorry owners, drivers/cleaners and steel industries — who depended on mining activities.
According to him, because there was quality ore available in abundance at its Jambunathanahalli mines and Subrayanahalli mines in Bellary district, two more mega steel plants could come up in the State.
Mr. Ganeshan said that he was seriously considering the suggestion made by the workers’ union to set up a cement plant in Bagalkot to make use of the limestone available on about 3,000 acres of land leased to MML. Technical consultants had been asked to make a study of the proposal and submit a report. “Based on the report, MML will consider setting up the cement plant under private-public partnership model,” he added.
MML had decided to appeal to the tribunal seeking exemption of excise duty imposed on the 100 per cent export-oriented granite unit at Hassan, which is closed at present, to enable it to revive it and take up value addition to granite.