South West Pinnacle Exploration Wins NALCO Bauxite Mine Consultancy Contract; NALCO Secures Mining Lease

【SMM Aluminum Express News】South West Pinnacle Exploration has received a letter of award (LoA) from National Aluminium Company (NALCO) to act as a consultant for the detailed exploration of bauxite mines in Odisha. The contract is valued at Rs 11.78 crore (including GST) and is expected to be completed within 24 months. This contract with a major industry player may enhance South West Pinnacle Exploration's market position and demonstrate its expertise in mining exploration services.

National Aluminium Company Limited (NALCO) announced on 13th of June in 2024 that it has finalized a mining lease deed with the Odisha state government for Bauxite mines located in Pottangi Tehsil of Koraput district. These mines, covering an area of 697.979 hectares, boast an impressive annual production capacity of 3.5 Million Tonnes (MT). With estimated reserves of 111 million tonnes, the mines are anticipated to sustain operations for 32 years.