Iron Ore Supply to Steel Makers to be disrupted

Federation of Indian Mineral Industries has warned that with the mining leases of 329 private mines slated to expire on March 31 iron ore supplies will be the worst hit. FIMI Secretary General Mr RK Sharma said “Raw material for steel industry, iron ore, would be the worst hit, since out of 329 mines 232 are of iron ore alone, 24 operative and 208 non operative iron ore mines. Things are not that simple as the government might be thinking. It is going to be a panic situation for a lessee if it is not able to retain the mine.”

The mining leases of 48 operative mines, 24 in Odisha, 6 each in Jharkhand and Karnataka, 5 in Gujarat, 3 in Andhra Pradesh, 2 in Rajasthan, and one mine each in Himachal Pradesh and Madhya Pradesh, will expire on March 31,2020. Mining leases of 184 non operative mines in Goa, 42 in Karnataka, 12 each in Jharkhand and Madhya Pradesh, 9 in Maharashtra, 7 in Odisha, 6 each in Andhra Pradesh and Gujarat, 2 in Rajasthan, one in Himachal Pradesh will also expire