Kolkata: RHI Magnesita, the global leader in manufacturing and supplying high-grade refractory products, systems, and solutions, announced that it has set up a new business vertical to service the Indian iron making industry. This announcement was ma
SAIL sits on 42 mn tonnes of sub-grade ore, mulls beneficiation plant
With sub-grade iron ore fines inventory piling up, state-owned Steel Authority of India (SAIL) is looking to set up a beneficiation plant to consume the ore generated by its mines in future.
As on March 31, 2021, the company is sitting on total 42.60 million tonne sub-grade iron ore fines and has been able to sell a meager 0.40 million tonne during the year.
“Sub-grade iron ore fines sold outside of mining leased area attracts royalty for the seller making the dispatch costly. Due to this, instead of selling outside, it makes more sense (for the company) to set up a beneficiation plant in the mining lease area and consume in-house,” Manish Kharbanda, president at Pellet Manufacturers’ Association of India told Business Standard.
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