In order to secure raw material for its Visvesvaraya Iron and Steel Plant at Bhadravathi, state-run steel maker SAIL wants to mine the 140 hectare of area in North-Eastern Block range in Bellary, Karnataka. The largest steel producer of the country has reportedly requested Karnataka government to fast-track the process of granting iron ore mining lease for the area. The company is said to consume more iron ore following the completion of the ongoing expansion
Tag: Bellary
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JSW may use low-grade ore to overcome shortage
JSW Steel, which aims to produce 9 million tonne (mn t) of steel in 2013-14, plans to use low-grade iron ore dumps, with 46 per cent iron (Fe) content, at its Bellary steel plant owing to shortage of high-grade ore. The company, which has an annual iron ore demand of 15 mn t, finds very difficult to secure it. It created capacity of 20 mn t at its benefication plant, used 52 per cent Fe iron ore and survived for the last two years. Now, it is targeting 46 per cent Fe grade iron
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CEC may allow auction of ore dumps in Bellary
Informed sources indicate that the Central Empowered Committee (CEC) may allow the auction of 6 million tonne (mn t) of iron ore dumps at various mines in Bellary district of Karnataka. Earlier, the committee visited various mines in the district and estimated that about 6 mn t of dumps could be auctioned. It is learnt that the CEC may allow auction of th
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SC panel assesses quantity of ore in dumps
The Supreme Court-appointed monitoring committee is estimating the quantity of iron ore available at the dumps in the three mineral-rich districts of Bellary, Chitradurga and Tumkur in Karnataka. After assessing the quantity of ore available at these dumps, the committee plans to sell it via e-auction so that steel firms, who face shortage of iron ore, can bene
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Contractual opportunities in iron ore segment
The increasing capacity of steel production in the country coupled with ban on illegal mining in some of the states have caused shortage of iron ore in the country. In this backdrop, several companies are looking to hire contractors for activities related to mining and supply of iron ore.
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Ban, Clean, Refresh
As the Supreme Court churned out more earthshattering decisions for the infra industries in a week than it did in a long while, the court-appointed Central Empowered Committee (CEC) returned with its final report and recommendations to allow 45
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No mining should be allowed for trading
The unstoppable and straight-speaking Karnataka Lokayukta (now retired) has done his bit for the sustenance of the legitimate mining industry. While exposing the biggest mining scam to date, his observations on mining policy and practice should perhaps be heard and considered carefully.
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Push comes to shovel
In an environment of slowing economy with threats of a double-dip looming larger than ever, the industry has been hoping for some time for some good news from the government. That wait for mining companies just got longer.
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Analysis: Staring at an increasing resource crunch
In a country where minerals are reported as scarce, comprehensively mapping and identifying available natural minerals will result in a major upward revision of our estimates how much can be mined indirectly curbing illegal mining. Puneet Goel writes.
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MoEF okays mining in Bellary
The Union Government has approved the diversion of forest land in Bellary for mining.