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During the current fiscal, Tata Steel is planning to produce one million tonne (mnt) iron ore from its Canadian project. When it materialises, it will boost the raw material supply to Tata's European operations. The company is also targeting to ramp up the production from Direct Shipping Ore (DSO) project to over 3 million tonne (mt) next fiscal, the company has said.
The production is expected to begin from October-December quarter.
The company said that there is a plan for 1 mt of iron ore in FY 2014, to be ramped up to over 3 mt in FY 2015. Key permits, approvals and environmental clearances (have been) obtained and construction is underway. Tata Steel, through Tata Steel Minerals Canada, holds 80 per cent stake in the DSO project.
The DSO project had despatched its first train in July with products containing TSMC’s dry crushing and screening plant with 164 cars of 100-tonne capacity each to Iron Ore Company of Canada terminal in Sept-Iles. Tata Steel has also made port arrangements for the current year dispatches.