Kudremukh Iron Ore Company Ltd.
|This article does not cite any references or sources. (June 2013)|
|Key people||Malay Chatterjee Chairman and MD|
|Products||Iron ore concentrates & Iron oxide pellets|
|Revenue||INR 3.637 billion (2006-07)|
Kudremukh Iron Ore Company Ltd is a Govt of India enterprise having its head office in Bangalore. It has iron ore mines in Kudremukh (Chikkamagaluru district) on the Western Ghats and a pelletisation plant in Mangalore. The Kudremukh mine is known to be one of the largest iron ore mines in the world.
The administrative activities of KIOCL are carried out from Bangalore. The actual mining takes place at western ghats at a place called Kudremukh. The mined ore is transported through pipelines running through districts of Udupi and Dakshina Kannada up to the plant in Panambur, adjacent to the premises of New Mangalore Port in Mangalore. The ore is pelletised in the pelletisation plant. These pellets are exported to countries like China, Iran, Japan, Taiwan, etc. by ships.
The Pellet Plant with a capacity of 3 million ton per annum was commissioned at Mangalore in 1987. Later on the capacity was increased to 4 million ton per year.
The mining lease was given to KIOCL in Kudremukh for an initial period of 25 years and was supposed to be closed by Dec 2001. However, it had to face the ire of environmentalists as Kudremukh area is a biodiversity hotspot. There is also a Kudremukh national park nearby. The mining lease was temporarily extended. However, it was completely stopped in Dec 2005. Now, the plant runs on ores supplied by National Mineral Development Corporation Ltd. (NMDC).