Ministry Sets Up Panel To Study Iron Ore Issues

New Delhi, September 16: | Updated: Sep 17 2003, 05:30am hrs
The steel ministry has constituted a committee to address iron ore related issues faced by sponge iron industry. The committee headed by the joint secretary will comprise representatives from mines ministry, secretaries of the concerned states, iron ore producers, the Indian Bureau of Mines, Federation of Indian Mineral Industry, and Sponge Iron Manufacturers Association.

The first meeting of the committee has been held recently which discussed the option of augmenting production of iron ore by opening of new mines both in private and public sector and readjusting supply commitments in favour of domestic consumers rather than laying emphasis on exports the secretary in the ministry of steel, VK Duggal said while addressing a function organised by the SIMA here on Tuesday.

He also said the ministry was in talks with the finance ministry for rationalisation of import duties for non cooking coal, a vital input for ore manufacturing and would submit its findings soon.

The ministry has also reviewed the prices of iron ore supplied by National Mineral Development Corporation and found no steep hikes.

On the issue of shortage of non cooking coal, Mr Duggal said the ministry would soon approach the coal ministry for allocation of captive coal blocks on consortium basis of three or more to tide over the problem.

The ministry has also taken up with the petroleum ministry provision of adequate supplies of natural gas to production units.