Tuesday, 06 Sep 2011
ET reported that Jharkhand has emerged as the first state to make it mandatory for companies with captive iron ore mines to set up pellet plants to utilize their increasing deposits of iron ore fines.
Availability of surplus iron ore in the state has also prompted the state's industry department to consider providing special incentives for industries to set up pellet plants.
Talking to ET, additional chief secretary (mines and geology) Mr AK Sarkar said it has formulated a policy that all captive iron ore mines will set up pellet plants to ensure the surplus deposit of fines are used in the interest of the state.
He said that "This way the environmentally hazardous fines will be used in the pellet plants and thus check pollution. At the same time, it will generate additional revenue and employment opportunities in the state.”
Mr Sarkar said that "Two companies Steel Authority of India and Usha Martin had been regularly seeking permission to dispose of their huge stocks of iron ore fines. While SAIL has generated a deposit of about 20 million tonnes of fines, Usha Martin has about 2 million tonnes. In view of their repeated requests, the state has decided to give them and all captive mine owners, a one time permission to sell their surplus stocks, but with certain conditions.”
He said that the government's move is likely to attract new investment in pellet plants. The industry secretary said while SAIL's Bokaro unit is in talks with POSCO for starting pelletization, Essar, Sesa Goa and Adhunik group have also shown interest in setting up pellet plants. Many other companies have also shown interest.”
He added that "Pelletization will check pollution and hence is more advantageous for the state.”
The blanket ban on sale of iron ore fines by captive iron ore mines in Jharkhand has resulted in some captive mines gathering huge stocks of fines.
(Sourced from ET)
ET reported that Jharkhand has emerged as the first state to make it mandatory for companies with captive iron ore mines to set up pellet plants to utilize their increasing deposits of iron ore fines.
Availability of surplus iron ore in the state has also prompted the state's industry department to consider providing special incentives for industries to set up pellet plants.
Talking to ET, additional chief secretary (mines and geology) Mr AK Sarkar said it has formulated a policy that all captive iron ore mines will set up pellet plants to ensure the surplus deposit of fines are used in the interest of the state.
He said that "This way the environmentally hazardous fines will be used in the pellet plants and thus check pollution. At the same time, it will generate additional revenue and employment opportunities in the state.”
Mr Sarkar said that "Two companies Steel Authority of India and Usha Martin had been regularly seeking permission to dispose of their huge stocks of iron ore fines. While SAIL has generated a deposit of about 20 million tonnes of fines, Usha Martin has about 2 million tonnes. In view of their repeated requests, the state has decided to give them and all captive mine owners, a one time permission to sell their surplus stocks, but with certain conditions.”
He said that the government's move is likely to attract new investment in pellet plants. The industry secretary said while SAIL's Bokaro unit is in talks with POSCO for starting pelletization, Essar, Sesa Goa and Adhunik group have also shown interest in setting up pellet plants. Many other companies have also shown interest.”
He added that "Pelletization will check pollution and hence is more advantageous for the state.”
The blanket ban on sale of iron ore fines by captive iron ore mines in Jharkhand has resulted in some captive mines gathering huge stocks of fines.
(Sourced from ET)
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