Jharkhand State cabinet in September had reaffirmed its
August decision to allow companies to sell iron ore fines up to the size of 10
mm from captive mines to other states.
The government argued that the decision to allow sale of
iron fines was taken to prevent pollution.
However, the decision to sale iron ore fines was not welcome
as it was expected to cause a loss up to Rs.10,000 crore per annum to the
state.
The Adhunik Group, the second largest investor in Jharkhand
after Tata Steel has also hailed the state’s decision to sell iron ore fines
and its MD on Friday expressed hope that
Jharkhand government would soon take a decision about allocating the Ghatkori
iron-ore mines in West Singhbhum district.
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