ArcelorMittal has been given permission to explore for manganese and iron ore deposits in the Indian state of Jharkhand. The state’s mining department has awarded an exploration licence in the West Singhbhhum district. India’s mines ministry has been sent a report on the issue and is expected to make a final decision soon.
The company is seeking permission for two blocks of 662 hectares and 416 hectares to explore manganese and iron ore in the Karampada region. While 662 hectare is a gazetted area, the 416 hectare area is non-gazetted.
Sources in India’s mining department expressed hope that the presence of companies like ArcelorMittal will provide for other prospective investors. It will also help the company move ahead with a proposed greenfield project that has been pending since 2005.
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