ArcelorMittal India Private Limited (AMIPL), the holding company of ArcelorMittal on Thursday announced that it has commenced mining operations at its Thakurani iron ore mine in the district of Keonjhar, Odisha.
The Thakurani block, with estimated reserves of around 179 million tonne, will make a valuable contribution to AM/NS India’s long-term raw material requirements.
The block has an annual production capacity of 5.5 million tonne, which can be scaled up to 8 million tonne and its mineral reserves are expected to increase once detailed exploration is complete.
AMIPL subsequently signed a Mine Development and Production agreement, executed a lease deed