Last Updated :
07 October 2009 at 17:45 IST
No end to SAIL-Jharkhand row over iron ore mine
RANCHI (Commodity Online): It seems there is no end to the dispute between SAIL and the Jharkhand government over Chiria mines.
This week a meeting between the officials of the two sides failed thrash out any solution. The dispute is a three-year-old controversy.Jharkhand government is of the view that iron ore requirement projected by SAIL can be less while SAIL is justifying its demand. Therefore, no decision could be reached.
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However, Jharkhand government has agreed to process the immediate requirement of the steel major so that its Rs 70,000 crore expansion programme to take its capacity to 23 million tonnes is not hurt.
State-owned SAIL and Jharkhand government have locked horns over ownership of Chiria mines in the state. SAIL is eyeing the control of Chiria mines, which is home to over 2 billion tonnes of high grade iron ore, to feed its expanded capacity of 23 million tonnes, which is scheduled to go on stream by 2010.
However, SAIL’s demand for entire two billion tonnes of iron ore was termed excessive by Jharkhand.Of the 10 mining leases the steel major has in Chiria region, renewal of four has been facing dispute.
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