Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
India’s Steel Ministry has proposed that KIOCL (formerly Kudremukh Iron Ore Company Limited, should ally with other government-owned mineral and metal companies to bid for iron-ore resources. According to an official in the Steel Ministry, having been unsuccessful in securing captive iron-ore reserves and the government’s inability to allot one through government dispensation under changed legislative environment, KIOCL would need to enter into an alliance to bag a captive mine through the mandatory auction route.
India’s Steel Ministry has proposed that KIOCL (formerly Kudremukh Iron Ore Company Limited, should ally with other government-owned mineral and metal companies to bid for iron-ore resources. According to an official in the Steel Ministry, having been unsuccessful in securing captive iron-ore reserves and the government’s inability to allot one through government dispensation under changed legislative environment, KIOCL would need to enter into an alliance to bag a captive mine through the mandatory auction route.
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