Gujarat, India-based steelmaker Essar Steel has announced that it has received a letter of intent from the government of the eastern Indian state of Odisha to develop the Ghoraburhani-Sagasahi iron ore mine, which Essar Steel won via e-auction last month. The mine is estimated to have 99.59 million mt of reserves. Once developed, the mine will cater to 50 percent of Essar Steel India’s annual iron ore/fines requirement at its Paradip pellet facility.
The company currently operates a 6 milion mt pelletization plant at Paradip, which is supported by a 12-million mt iron ore beneficiation plant at Dabuna, Odisha, with an iron ore slurry pipeline.