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World Bank offers support for Odisha's mineral sector
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Tuesday, 05 Feb 2013

A senior government official said that “Asking Odisha government to identify a mineral resource corridor in the state a World Bank delegation offered to provide technical assistance for its mineral sector.”

The 4 member World Bank delegation made this offer to the state government while holding a discussion with the development commissioner Mr J K Mohapatra.

Director of Mines Deepak Mr Mohanty said that "World Bank team has offered to provide technical assistance for development of mineral sector of the state."

Stating that the World Bank team have already undertaken a tour to different mines areas in Keonjhar, Sundergarh and Jajpur districts Mr Mohanty said that they would be submitting a detailed project report to the state government within 15 days.

He said that “The World Bank would provide support in the field mineral concession agreement, renewal of mining leases, grant of mining leases, socio economic and environmental impact of mining and revenue generation from mineral sector.”

The World Bank team engaged by the Economic Affairs Department under Union Finance Ministry visited the state and have conducted the scoping study of mines and visited Joda and some mines of Odisha Mining Corporation.

They said that “The study on Resource Corridor for individual mining belt is felt imperative for development and management of mines.”

Meanwhile the state government has decided to launch e auction of all bulk minerals like iron ore, manganese and chrome meant for noncaptive use from April 1st this year in a bid to bring in greater transparency in the process.

Source - Economic Times


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