ArcelorMittal India began operations at the Thakurani iron ore block in Odisha. Located in Keonjhar, the Thakurani block contains estimated reserves of about 179 million tonnes and will be able to meet up to 75 percent of ArcelorMittal Nippon Steel India’s current needs at its Odisha production facility.
According to AMNS India, “ArcelorMittal India Private Limited, the holding company of ArcelorMittal, has started mining at the Takurani iron ore mine. The block with an estimated reserves of about 179 million tonnes will make a valuable contribution to the long-term supply of raw materials for AM /NS India. ”
In February 2020, AMIPL was selected as the preferred bidder for the Thakurani iron ore mining license following an auction held by the Odisha government, during which AMIPL agreed to pay a 107.55 percent premium per ton, as well as other royalties and duties, ensuring a high return contribution to the state. The block has a production capacity of 5.5 million tonnes per year, which can be expanded to 8 million tonnes and is expected to increase its mineral reserves following the completion of detailed exploration.
ArcelorMittal Nippon Steel India owns a 6 Mtpa Pellet Plant in Paradip State.