NALCO mines get 5-star rating for sustainable development initiatives -Governance Now

NALCO mines get 5-star rating for sustainable development initiatives

Ministry of mines’ star rating scheme is designed to have a built-in compliance mechanism for environment and forest safeguards

GN Bureau | February 17, 2017

#NALCO #mines #Piyush Goyal

The Panchpatmali bauxite mines of national aluminum company limited (NALCO) has been conferred with a 5-star rating by the ministry of mines.

The 5-star rating award, along with a certificate of excellence was handed over to Tapan Kumar Chand, CMD, NALCO, by the union minister of power, coal, new & renewable energy and mines Piyush Goyal at the 2nd national conclave on mines and mineral in Delhi on February, 15.

The Navratna PSU has bagged the award for its efforts and initiatives undertaken in the implementation of the sustainable development framework. The SDF includes implementation of best practices in mining operations; rehabilitation & reclamation of mined out area, environment protection, as also various steps taken in healthcare, periphery and skill development.

The star rating scheme instituted by the ministry of mines, is designed to have a built-in compliance mechanism for environment and forest safeguards and help in recognising good performers in the sector while encouraging all mining lease holders to strive for excellence.

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