One more mining lease for Arcelor

  • 06/04/2010

  • Telegraph (Ranchi)

Ranchi, April 5: ArcelorMittal has been granted another iron ore mining lease in Jharkhand where the company has proposed to invest over Rs 40,000 crore for setting up a Greenfield steel project. The Union mines ministry has given a much-awaited nod to a proposal sent by the state government awarding prospecting licence for 662.95 hectares in Karampada area of mineral-rich West Singhbhum district. Agency reports from Delhi quoted Union mines minister B.K. Handique as saying that the Centre has approved one of the recommendations of the Jharkhand government to grant the prospecting licence to ArcelorMittal. The company, which is yet to make a logical headway for setting up the steel mill in Jharkhand, already enjoys mining lease on 202 hectares in another part of Karampada. It has been granted a coal block in Latehar