Jharkhand hunts for new ore mines to honour pacts with steel cos
Tuesday, Sep 16
NEW DELHI - Jharkhand is hunting for new iron ore deposits as the
current proven reserve of 3 bln tn seems insufficient for meeting
needs of a series of steel projects proposed in the state, the state's
industry secretary, K.K. Khandelwal, said today.
Companies plan to set up over 100 mln tn steel capacity in the
state.
"We are in talks with NMDC for finding new iron ore deposits,"
Khandelwal told NewsWire18 on phone.
The latest company to showing interest in the sector is Reliance
Infrastructure Ltd., which is mulling a 12-mln-tn per year integrated
steel plant in the ore-rich state.
Other major investments planned are from Tata Steel Ltd.,
ArcelorMittal and Jindal Steel & Power Ltd., among others.
Khandelwal said a group of state ministers will meet to deliberate
on the projects and on ensuring raw material linkages to them.
Two-third of Jharkhand's total proven reserves have been trapped
in
litigation, after the state government declined to renew some leases
held by state-run major Steel Authority of India Ltd.
The two parties have since tried to resolve the matter in and off
the
court, but disagreement regarding how much ore SAIL needs has come in
the way of a solution.
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