PTI reported that Steel Authority of India Ltd said that it will hold talks with the Jharkhand government soon for resolving the dispute over renewal of four mines in Chiria.
Mr SK Roongta chairman of SAIL on the sidelines of a steel convention told reporters that "We will hold a high level meeting with the Jharkhand government this month for renewal of four mining leases in Chiria mines region. Of the 10 mining leases, SAIL has in Chiria region renewal of four is facing dispute and we want to resolve it at the earliest.”
Mr Roongta said the delay was not only hurting the expansion projects but also affecting new project in Jharkhand. He added that "There has not been much progress on Greenfield project in Jharkhand because it is linked with Chiria mines. We are committed to the project and hope that Jharkhand government renews the pending leases soon.”
SAIL is eyeing the control of Chiria mines 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
SAIL and the Jharkhand government have locked horns over the ownership of the Chiria mines for over three years now, with the government disputing SAIL's claim over the mines, which were allotted to the Indian Iron & Steel Company that was later merged with SAIL in 2005.
(Sourced from http://www.steelguru.com/news/index/2009/09/04/MTEwMDg3/SAIL_to_hold_talks_on_Chiria_dispute_soon.html
Thursday, September 3, 2009
SAIL to hold talks on Chiria dispute soon
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