Why Tata Steel wants to expand capacity at its iron ore mines
Wednesday, December 27, 2017 - 10:57:00 PM
mining.com

Mining News -The Kalinganagar facility is located in the same province and it is undergoing a series of upgrades aimed at expanding its steel-making capacity by 5 million tonnes per annum to 8 million tonnes per annum. The idea is to meet growing demands from the automotive, general engineering and construction segments, a media statement from the company explained.

The project, which is expected to be completed in four years and would take Tata Steel`s capacity in India to 18 million tonnes per annum, will need 13.6 million tonnes of iron ore annually once it is fully operative. To meet such target, Tata is not only planning to grow its iron ore production but, according to the Business Standard and despite previous failures, the firm also wants to participate in auctions of iron ore blocks by the Odisha government.

The steelmaker is also examining the possibility of signing a long-term deal with state-owned Odisha Mining Corporation to secure iron ore for Kalinganagar.


http://www.miningnewspro.com/en/News/88632/Why Tata Steel wants to expand capacity at its iron ore mines
Close   Print