Lease of 4 of its ferrous mines to expire in 7 yrs,
even as prepares to double steelmaking capacity
Tata Steel has built an iron ore chest
of nearly 600 million tonnes (mt) and will look for more as it prepares for
life beyond 2030 when its legacy captive mines come up for auction.
The lease for four of its existing iron
ore mines -- Joda East, Noamundi, Katamati, and Khondbond -- that feed the
domestic operation with low-cost iron ore is going to expire in 2030, following
changes in mining regulations.