IRON-ORE
India’s Mines Ministry is exploring ways to incentivise private merchant iron-ore miners to form consortiums to construct pelletisation plants in mineral bearing states, in view of a changing raw material preference of steel mills worldwide, particularly in China.
Government companies like KIOCL (formerly Kudremukh Iron Ore Company Limited), steel producer, Rashtriya Ispat Nigam Limited (RINL) and Steel Authority of India Limited (SAIL) have all been nudged to invest in constructing new iron-ore pellet plants.
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