The decks have been cleared for National Aluminium Company’s (Nalco) 1.5 million tonne aluminum refinery and a 2.57 lakh tonne smelter in Andhra Pradesh.
While inaugurating a three -day seminar-cum-exhibition titled Aluminium India 2008, Minister of State for Mines Subbarami Reddy said that the state government has cleared the project.
The Rs 9,000 crore project was struggling to progress in the last two years due to a row between Andhra Pradesh Mineral Development Corporation and Nalco on the issue of bauxite mining leases.
Now, according to Reddy, the Andhra Pradesh government has offered two mining blocks to Nalco, one each in Gudden and R K Konda with a combined reserves of 80 million tonnes.
The state government has also assured the company that additional mining leases would be granted if it meets the required parameters and work under suitable environment.
The company is likely to start activities on the project to commence commercial production in one year.
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