BS reported that Steel Authority of India Ltd is planning to invest heavily on developing iron ore resources to support its expansion plans.
Mr CS Verma chairman SAIL told Business Standard that “The investment includes modernization and expansion of iron ore mining capacity. But the success of this expansion would depend on availability of iron ore from captive sources.”
Mr Verma said “Initially, a mechanized mine with state of the art technology will be developed to produce 7 million tonnes per annum in the first phase and 15 million tonnes per annum in the second phase.”
He said “To meet the increased iron ore requirement after expansion, the existing mines will be expanded to its maximum potential. Gua and Bolani mines will be expanded to 10 million tonnes per annum. We are also continuously trying to identify new areas to reduce dependence on imported coal and trying to augment indigenous coking coal availability.”
The union ministry of environment and forests has granted SAIL approval for the Budhaburu lease of the Chiria iron ore mine. Clearances for Sukri-Latur and Dhobil leases of Chiria are in advanced stages of approval.
SAIL has engaged Hatch Associates of Australia, a consultant of global repute, for preparation of a Detailed Project Report for the mine. (sourced from Business Standard)
Mr CS Verma chairman SAIL told Business Standard that “The investment includes modernization and expansion of iron ore mining capacity. But the success of this expansion would depend on availability of iron ore from captive sources.”
Mr Verma said “Initially, a mechanized mine with state of the art technology will be developed to produce 7 million tonnes per annum in the first phase and 15 million tonnes per annum in the second phase.”
He said “To meet the increased iron ore requirement after expansion, the existing mines will be expanded to its maximum potential. Gua and Bolani mines will be expanded to 10 million tonnes per annum. We are also continuously trying to identify new areas to reduce dependence on imported coal and trying to augment indigenous coking coal availability.”
The union ministry of environment and forests has granted SAIL approval for the Budhaburu lease of the Chiria iron ore mine. Clearances for Sukri-Latur and Dhobil leases of Chiria are in advanced stages of approval.
SAIL has engaged Hatch Associates of Australia, a consultant of global repute, for preparation of a Detailed Project Report for the mine. (sourced from Business Standard)
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