India-based steelmaker Steel Authority of India Ltd (SAIL) has announced that it will start production from the Chiria iron ore mines located in the south of the eastern India state of Jharkhand in 2014. SAIL is set to finalize an investment roadmap for the project after the completion of a detailed project report this month.
Chiria, with proven iron ore reserves of over 1.8 billion mt, is one of the largest iron ore mines in Asia. Upon commissioning, it will help SAIL increase its steel production capacity to around 60 million mt over the next decade.
SAIL’s Chiria iron ore mines to start production in 2014
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