It is reported that Indian steelmaker JSL has acquired chrome ore assets in Turkey. The transaction will help JSL meet its raw material requirements and to control input costs.
The acquired mines, which cost the company about USD 6 million, will meet captive chrome ore requirements of the proposed stainless plant in Orissa and also serve the demand of Asian, European and American markets.
The total chrome reserves that JSL has acquired from individual investors, having interests in mineral resources at six to seven different locations in Turkey, could be over 2 million tonnes.
Source: Steel Guru
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