Arcelor Mittal wins Thakurani Iron Ore block in Odisha
Bhubaneswar: Arcelor-Mittal India Pvt Ltd, the Indian subsidiary of Global steel major Arcelor-Mittal, has bagged the Thakurani iron ore block in Odisha, said a senior official of the steel and mines department, Odisha.
The company won the iron ore mines committing to pay 107.55 per cent of its sale value of ore to the state government when production starts; besides, the company will pay taxes, district mineral foundation fund and other mining specific levies.
Located in Barbil Tahasil of Keonjhar district, Thakurani iron ore block has an estimated reserve of about 179 million tonnes. It is spread over 228 hectares, of which 143.5 Hectares are mineralised area and rest 84 hectares are non mineralised area. The company will have to obtain all the statutory clearances before commencement of mining.
This block is among the 5 Iron Ore blocks that have been reserved for Specified End Use for the production/ manufacture of sponge iron and/or pig iron and/or steel and/or pellets. The other 4 blocks are Jaribahal Iron Ore Block, Roida II Iron Ore Block, Ganua Iron Ore Block, Narayanposhi Iron Ore & Manganese Block.