Major iron ore find in Chattisgarh state

RAIPUR — Surveys in Chhattisgarh have found high-grade iron ore deposits of 34.82 million tonnes in the state's Kawardha district.

By (IANS)

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Published: Sat 8 Jul 2006, 10:15 AM

Last updated: Sat 4 Apr 2015, 3:00 PM

"Surveys conducted across Chhattisgarh confirmed that Kawardha district has the world's best quality iron ore deposits, not less than 348.2 million tonnes," said Shivraj Singh, additional chief secretary, mining.

Added Industry Minister Rajesh Munnat: "We are really excited to find new reserves of the world's best quality iron ore."

"The government has decided to speed up the process of early excavation in Kawardha district to accelerate the pace of industrialisation," Munnat told IANS over the phone.

During the last fiscal 2005-06, Chhattisgarh produced minerals worth Rs50 billion (approx $1 billion) that helped the state earn Rs7.37 billion as royalty, he added.

About 25 per cent of India's iron ore reserves are found in Chhattisgarh, mainly in the hilly pockets of picturesque Bastar region.

The easy availability of iron ore prompted Tata Steel, India's largest private sector steel maker, to sign a deal with state government last June to bring in Rs100 billion investment for setting up an integrated five-million tonne per annum steel plant in Bastar.



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