BL reported that TATA Steel has embarked upon a INR 1,100 crore program to augment capacity of its iron ore mines at Joda in Orissa and Noamundi in Jharkhand. The increased production will go to meet the larger ore requirement of the company’s Jamshedpur plant.
An estimated INR 600 crore is being spent on capacity expansion of the Joda mines discovered 100 years ago and the balance INR 500 crore on Noamundi mines.
On completion of the work, expected in two years, the production of Joda mines will double to 8 million tonnes annually and it will increase to more than 9 million tonnes from the present 7million tonnes annually at Noamundi.
According to official sources, the expansion program of the Joda mines has three components, namely, the purchase of equipment such as excavators, drill machines and dumpers, establishment of a 4million tonnes per annum capacity new dry circuit plant for the sizing of friable ore not requiring beneficiation and stepping up logistics facilities.
At Noamundi also, there will be a dry circuit plant of the same capacity, bedding blending plant with rapid loading system and acquisition of new equipment. However, unlike Joda, at Noamundi there will be de bottlenecking projects for the existing washery.
TATA Steel’s Jamshedpur plant requires 10 million tonnes to 11 million tonnes of ore annually to meet the current level of production of about 7 million tonnes of crude steel and the requirement is met almost entirely by Joda and Noamundi mines. The requirement, it is estimated, will rise to 16 million tonnes to 17 million tonnes when the plant will be ready for production of 10 million tonnes crude steel annually from 2011.
(Sourced from Business Line)
Monday, August 31, 2009
TATA Steel to undertake expansion of iron ore mines at Joda and Noamundi
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