India’s Lloyds Metals and Energy Limited (LMEL) has secured a 3-year extension of mining rights for its captive Surjagarh iron ore mines in the western state of Maharashtra, a company regulatory filing said on Thursday, June 29.
The company reported that mining rights for Surjagarh which was to expire in 2027 has been extended till 2057, ensuring uninterrupted mining and sales operations.
Simultaneously LMEL has also secured necessary approvals from relevant authorities to increase iron ore extraction from 3 million mt per year to 10 million mt per year and ramp up direct reduction iron (DRI) capacity to 670,000 mt per year and add a new DRI plant with capacity of 72,000 mt to be commissioned by 2024.