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AP Government scraps bauxite deal with Anrak

Tuesday, December 22, 2015
Hyderabad

The State Government has decided to cancel the bauxite supply agreement it had signed with Anrak Aluminum Ltd., for fixation of sale price of bauxite and the percentage of equity to the APMDC.

The agreement stipulating supply of 224 million tonnes of the mineral to the joint venture was signed by the then Chief Minister late YS Rajasekhara Reddy. The deal was designed in a way that it will not benefit tribal people in any manner and is in the interests of the joint venture company said the Chief Minister Chandrababu Naidu. He said that Anrak agreement was totally one sided he said. The joint venture had invested over Rs.5,300 crore in the project ever since but there were several procedural lapses in the deal. Chandrababu Naidu said the deal exposes the selfish interests of an individual is evident with the investments made by Penna group in Carmel Asia and Jagati Publications, the owners of Sakshi television and daily.

Statement draws flak
Chandrababu Naidu’s statement on the bauxite mining in Visakha Agency in the Legislative Assembly failed to satisfy the Girijans and political parties. He once again ignored the demand of Girijans and environmentalists to scrap GO No.97 issued on November 5 for diversion of 1,212 hectares of forest land in the Jerrela area of Chintapalli mandal for mining lease in favour of APMDC which facilitates mining process while withdrawing GO No.222 issued on August 13, 2008 and a MoU signed with Anrak on August 20, 2008 both during the regime of YSR led Congress government.



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