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No plan for sharing Chiria resources: Govt
Our Bureau
New Delhi, Aug. 31 The Government has said that it is not considering any proposal for a possible alliance between Steel Authority of India Ltd (SAIL) and Mittal Steel, the world’s largest steel maker, for sharing of Chiria Mines.
Replying to a written question in the Rajya Sabha, the Minister of State for Steel, Mr Akhilesh Das, said that SAIL’s existing iron ore resources are not sufficient to meet its long-term needs, hence the company was not in a position to share the Chiria Mines.
“SAIL is not in a position to share Chiria Mines as the iron ore resources with the company are not sufficient to meet its long-term requirements,” Mr Das said in the reply. SAIL, through its merger with the Indian Iron & Steel Company (IISCO), last year, had secured the mining rights to three of the six blocks in Chiria.
The remaining three – Ajitaburu, Sukri-Latur and Tatiburu – are sub-judice in Ranchi High Court.
SAIL has proposed to set up a 10-million tonne greenfield steel plant in Jharkhand if it is granted mining rights for the other three Chiria blocks.
Mittal Steel has proposed to set up two plants of 12 million tonnes each in Jharkhand and Orissa at an investment of Rs 80,000 crore and is seeking captive mining licences in both the States.
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