ArcelorMittal India, the
local unit of the world's largest steelmaker, has started drilling operations
at the Seregarha coal block in Latehaar district of Jharkhand, signalling that
work toward setting up the proposed 3 million tonne steel plant may have
finally started.
ArcelorMittal has already applied
for permission to the Jharkhand government for commencing drilling
operations at the Karampada iron ore mines in West Singhbhum district. The
drilling operations or the geophysical prospecting would help the company
assess the availability of coal and iron ore at these two mines for which
ArcerlorMittal has already obtained prospecting licences.
According to people familiar with
the matter, drilling at Seregarha is likely to be completed by December 2011,
following which the company would submit a geophysical report and mining plan
to obtain the mining lease.
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