India: Over 2.5 MnT Iron Ore Stock at Closed Mines of Tata, SAIL & OMC each

The state government decided to allow 7 Iron ore mines for operation, which includes 4 mines of Tata Steel, 2 mines of SAIL and 1 mine of OMC.

Bhubaneswar: While the Odisha government has decided to renew the captive mines of Tata Steel and SAIL and one merchant mine of OMC, through an express order, it’ll take another 15 to 20 days to normalize operation. However, according to government sources, there should not be any Iron ore scarcity at the plants of SAIL and Tata Steel (Jamshedpur) as they have enough stocks at the mines head.

An internal government report says, Tata Steel has 2.75 MnT of Iron ore stocked at its mines Joda East, Katamati and Khandbandh Iron ore mines. In the Joda East mines, 0.23 MnT of Iron ore lumps and 0.38 MnT of fines have been stocked.

Similarly in Katamati, there are stocks of 0.47 MnT of lumps and 0.49 MnT of fines and there are stocks of 48,000 MT of lumps and 1.6 MnT of fines waiting for liquidation in Khandbandh. According to an estimate, the company would need 1-3 months of time for liquidation of stock.

Iron ore stock
Iron ore stock

Manwhile, Tata Steel has a stock of 33,205 MT of Manganese ore at its Khandabandh Iron ore and Manganese mines, Bamebari Manganese mines, Joda East Manganese mines, Guruda Manganese mines and Manmora Manganese mines.

On the other hand, PSU steelmaker, SAIL has about 2.5 MnT of Iron ore stocked at its Barsuan, Kalta and Bolani Iron ore mines, which includes 0.23  MnT of lumps and 2.26 MnT of fines.

Meanwhile, the only merchant mine in the list is OMC’s Kurmitar mines, which has 2.66 MnT of Iron ore stocked and would require 12 months of time for liquidation.

Name of Lessee

Name of Mines

Lumps

Fines

Total

Total Stock of Mn ore

Days required for Liquidation

M/s Tisco

Joda East Iron Ore Mines

       227,715

           378,327

        606,042

– 

1-month

M/s Tisco

Katamati Iron Ore Mines

       466,838

              26,634

        493,473

– 

1-month

M/s Tisco

Khandabandh Iron ore Mines 

         48,244

        1,605,346

     1,653,591

– 

3-month 1 day

M/s Tisco

Bamebari Mn Mines

– 

– 

– 

               2,640

15 days

M/s Tisco

Joda West Mn Ore Mines

– 

– 

               2,670

1-month

M/s SAIL

Barsuan Iron Ore Mines

         20,282

           628,285

        648,567

             11,421

1-month

M/s SAIL

Kalta Iron Ore Mines

         55,780

              28,529

           84,309

– 

3-month

M/s SAIL

Bolani Iron Ore Mines

       154,158

        1,605,780

     1,759,938

– 

5-month

M/s OMC

Kurmitar Iron Ore Mines

    1,309,916

        1,357,568

     2,667,485

– 

12-month

M/s Tisco

Guruda Mn Mines

– 

– 

– 

             15,323

1-month

M/s Tisco

Manmora Mn Mines.

– 

– 

– 

               1,151

1-month

 Quantity in MT


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