Tati Mine woes hit property market

TNMC issued a cautionary notice sometime in February that due to depressing business conditions precipitated by the incessant fall in metal prices, the mining house will be forced to vacate its employees from company houses-as the company intends to sell them.

It was further communicated that leases for properties will be ended. True to this notice the leases were terminated recently forcing employees to fend for themselves. TNMC currently has around 600 employees with the beleaguered BCL Mine as its parent-mining house.