December 02, 2008

Orissa CM calls for utilizing low grade iron ore

It is reported that Mr Naveen Patnaik chief minister of Orissa has reiterated the demand for a freeze on the export of iron ore at the current level and phase it out in a few years time.

Mr Naveen, while addressing a seminar organised by the confederation of Indian industry, said that besides imposing a freeze on the export of iron ore, new technology has to be brought in to utilise low grade ore. If China can utilise iron ore of 35 grade to 40 grade, there is no reason why India cannot do so.” He called for substantial investment in beneficiation, sintering and pelletisation.

Mr Naveen said that despite being rich in coal, iron ore and bauxite, Orissa is considered to be one of the poorest states in the country, as mineral resources have not been fully utilised. He also sought the assistance of mining companies and mineral based industries for strengthening of basic infrastructure in State.