![]() Financial Daily from THE HINDU group of publications Tuesday, Sep 23, 2003 |
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Minerals Corporate - Announcements Tata Steel in pact for titania project in TN Our Bureau
Chennai , Sept. 22 TATA Steel has signed an agreement with its consortium partners for setting up its titania project in Tamil Nadu. The consortium comprises Outokumpu Finland's physical separation division based in the US; Outokumpu-Lurgi, Germany; Pincock Allen Holt, USA, an international resource and mining consultancy company; and Larsen and Toubro. According to a Tata Steel press release, the consortium will carry out the feasibility study involving geological exploration, resources evaluation, preparation of mining schemes, metallurgical test work for mineral separation and ilmenite upgradation, and financial analysis and assessment of techno-economic viability. The agreement is targeted to help in completing the first phase within a 20-month timeframe from the commencement of work. The project, according to the press release, will be undertaken in two phases. The first phase will involve mining and separation of ilmenite and some other minerals, and the subsequent upgradation into synthetic rutile or titanium dioxide slag; the later phase will involve titanium dioxide pigment. Tata Steel has been granted prospecting licence by the Tamil Nadu Government over an 80 sq. km area and the required consent from the existing land owners has also been obtained by the company, according to the release. It may be recalled that Tata Steel signed an agreement with the State Government in June 2002 to undertake a techno-economic feasibility study for a titania project using the mineral sands available in the beaches in the southern districts.
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