SAIL to sale 70 Million Ton of Iron Ore fines in open market

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By Our Correspondent

BHUBANESWAR/BAKARO/BHILLAI: Steel Authority of India Ltd(SAIL),  leading PSU under the Ministry of Steel headed by Union Minister Dharmendra Pradhan, has decided to sale its  70 Million Ton of iron ore fines dumped in various mines located in Odisha, Jharkhand and Chhattisgarh. SAIL runs near about 12  Iron Ore Mines  in Odisha, Jharkhand and Chhattisgarh

Ministry of Steel has requested the Odisha Government to allow such sale in the Open Market so that iron ore will be available for the Steel Makers in view of the expiry of mining lease by March 31, 2020.“SAIL will sale 70 Million Ton of iron ore fines without taking it’s Fe content into consideration,” sources said.

State Government will consult Indian Bureau of Mines (IBM) for allowing disposal of iron ore fines by the SAIL authorities.As royalty of these metals are estimated on the basis of Fe content, IBM and State Government will have to be satisfied on this count so that disposal will be possible.

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