The suspension order on Vedanta’s iron ore mining operations in Chitradurga, Karnataka, has been revoked, the company announced on Tuesday. This follows the temporary halt of activities in April due to non-compliance with the approved mining plan.
Vedanta Ltd, in a filing to the Bombay Stock Exchange (BSE), stated that the Office of the Regional Controller of Mines had issued an order on May 21, 2024, lifting the suspension. The order cited Rule 11(2) of the Mineral Conservation and Development Rules, 2017, in respect to the A. Narrain Iron Ore Mine.
The suspension was initially ordered by the Office of the Regional Controller of Mines in Bengaluru. Vedanta responded by seeking permission to undertake necessary rectification work. Upon examining the submitted information and inspecting the rectification measures, the authorities expressed satisfaction with the implemented actions.
“The authority has expressed satisfaction with the measures implemented,” Vedanta’s filing noted, leading to the revocation of the suspension order.
Vedanta also clarified that there was no material adverse impact on the company due to the suspension.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is a leading natural resources company with operations across India, South Africa, Namibia, and Liberia. The company’s significant interests span various sectors, including oil and gas, zinc, lead, silver, copper, and iron ore.
This development marks a positive turn for Vedanta, ensuring the continuity of its iron ore mining operations in Karnataka and reinforcing its commitment to regulatory compliance and operational excellence.