The Business Bytes
TBB BUREAU
BHUBANESWAR, SEPT 9, 2021
ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, on Thursday announced the commencement of operations at the Ghoraburhani-Sagasahi iron ore mine in Sundargarh district of Odisha.
Spread across 139.165 hectares, the iron ore block has estimated resources of around 98.61 million tonnes and is the first to be auctioned in India under the Mineral Auction Rule, 2015.
The captive mine is set to produce two million tonnes of high-quality iron ore in the current calendar year and production will gradually be ramped up to its rated capacity of 7.16 MTPA (million tonnes per annum). It will initially operate with the direct employment of about 600 people and indirect employment of nearly 2500 people. The iron ore will be supplied to the beneficiation plant in Dabuna from where the feed will reach the pellet plant at Paradip.
Commenting on the commencement of Sagasahi iron ore mine, Dilip Oommen, chief executive officer, AM/NS India, said that it strengthens raw material self-sufficiency efforts.
“ArcelorMittal has significant experience in operating mines that support steelmaking operations across the globe and AM/NS India will draw on the industry leading practices to apply them here,” he said.
“This is yet another step by us towards enabling Odisha to achieve the one trillion-dollar economy target it has set,” Oommen added.
Speaking on the occasion, Sundergarh Collector Nikhil Pavan Kalyan said, “The entry of the biggest names in manufacturing at a massive scale such as this is an encouraging sign. The government of Odisha has been very strong on its priorities, in its commitment towards industries and the country. AM/NS India has our support in this new endeavour.”
Earlier this month, AM/NS India commissioned the second 6 million tonne pellet plant in Odisha, doubling capacity to 12 million tonnes at the Paradeep complex.
