Speaking on the occasion, the Chief Minister said that the production of these two mines would help stabilize the iron ore market and meet the supply demand of the industry.
The Chief Minister also said that Odisha has taken a number of steps in the mining sector.
“ Integrated Mines and Minerals Management System (I 3 MS System) has been launched to monitor the transport of iron ore for transparency and the auction process of many large mines has been successfully completed in the last few years,” said the Chief Minister.
Patnaik emphasized the need for the States and the Centre to work together to realize the huge potential of the State in the mining and metals industries.
The Chief Minister said that Odisha has the potential to be an epicentre of the world in the steel, aluminum and other metal industries.
On his part, Union Minister Prahlad Joshi said that Odisha is rich in mineral resources. Therefore, if the Centre and the State work together, the economies of both the state and the country will prosper.
The two mines in Keonjhar district are targeted to produce 12 billion tonnes of iron ore annually. With the acquisition of these two new mines, OMC’s annual production is expected to reach 20 billion tonnes.