The Business Bytes
TBB BUREAU
BHUBANESWAR, JULY 19, 2021
Tata Steel Mining (TSML) and Jindal Stainless (JSL) have signed a memorandum of understanding (MoU) to jointly unearth the Chrome Ore locked up in the boundary between their mines located in Sukinda of Jajpur district in Odisha. This would help conservation of chromite ore which otherwise would have been left unmined forever.
The MoU was signed at Bhubaneswar by MC Thomas, Managing Director, Tata Steel Mining Limited, and Shashibhushan Upadhyay, Vice President (Projects), Jindal Stainless Limited. Ratan Jindal, Chairman, Jindal Stainless Limited, Abhyuday Jindal, Managing Director, Jindal Stainless Limited and other senior officials from both companies had joined virtually for this special occasion.
This unique partnership sets an example for Sustainable Chrome Ore Mining in an innovative manner. This is a win-win-win partnership for the State of Odisha, TSML and JSL. Both the companies would now initiate steps to get necessary statutory approvals from concerned authorities before jointly starting mining operations.
“We are committed to sustainable mining and such a joint initiative will set examples for organizations especially in the mining industry to collaborate in the larger interest of mineral conservation and sustainability,” said MC Thomas, Managing Director, Tata Steel Mining.
Commenting on the partnership, Jindal Stainless Limited Managing Director Abhyuday Jindal said, “This effort will enhance the availability of ore in the region without any adverse environmental impact. The move will also benefit local economy.”
“As responsible institutions, we are committed to sustainable mining activity in the region,” he added.
