India's Orissa Minerals Development soars after top court order to resume mining ops

The Orissa Minerals Development

05/02/2020 05:19

** Indian miner's shares  ORIS.NS  rise as much as 15.8% to
2,258 rupees, highest since early November 2017
    ** ORIS receives India Supreme Court order to resume mining
operations at Tiringpahar iron ore mines in the Indian state of
Odisha (http://bit.ly/31vAbNQ)
    ** Odisha state government's steel department extends ORIS'
validity period for mining lease for iron and manganese ore over
an area of 1,276.79 hectares in Odisha  urn:newsml:reuters.com:*:nFWN2A40BR
    ** In February last year, ORIS proposed a 4 bln rupees
($56.19 mln) payment to the Odisha government as penalty for
violations under various clearances  urn:newsml:reuters.com:*:nFWN20N0OE    
    ** ORIS stock rose 31.2% in 2019 

 ($1 = 71.1900 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; outside U.S. +91 99863
58469;))