India's Tata Steel plans to invest $1.18 billion to expand iron ore production
Time:Wed, 07 May 2025 09:47:09 +0800
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According to India's Tata Steel's statement on May 1, it will spend about US$1.18 billion on its Noamundi, Joda, and Katamati iron ore mines to raise the total annual production from 40 million tons to 55 million tons.
General Manager of the Ores, Mines & Quarries (OMQ) division, Atul Bhatnagar, said that Tata Steel is actively strengthening its raw material base and modernizing its operations. The company plans to participate in the upcoming 2030 mining rights auctions in Odisha, Jharkhand, and Chhattisgarh, and expects to start mining operations at two mines in Sundargarh, Odisha in the next two years to meet the challenges of the global steel industry.
Bhatnagar also said that Tata Steel is applying for two patents for mining-related technologies, one for separating boulders after blasting and the other for using a high-speed imaging camera to check dumper loads.
