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ArcelorMittal-Nippon Steel Participating in Mines Auctions in Odisha

Steel News - Published on Thu, 23 Jan 2020

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ArcelorMittal Nippon Steel is participating in the ongoing auctions of iron ore mines in Odisha. AMNS CEO Dilip Oommen told PTI “We are participating in ongoing auctions of mines in Odisha.”

When asked about the number of mines his company was bidding for in Odisha, he without sharing any figure replied it is more of iron ore, less of coal. He also replied in affirmative when asked about whether the company would be interested in more iron ore and coal mines which would be put on the block in future for auction.

Mr Oommen said “Any steel company has to securitise its sources of raw materials and AMNS is no different. So it is also participating in the auction process to securitise its iron requirements. AMNS India buys iron ore fines in Kirandul in Chhattisgarh, where its beneficiation is carried out and transported to Vizag through slurry pipeline where it is converted into pellets and further transported to Hazira plant in Gujarat.”

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Posted By : Rabi Wangkhem on Thu, 23 Jan 2020
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