You are here: Home > Steel News > Latest Steel News > India’s...

India’s SAIL to reduce import dependency in coking coal by 2015

Wednesday, 04 July 2012 15:28:39 (GMT+3)   |  
       
India's Minister of Steel Beni Prasad Verma has urged the government-owned Steel Authority of India Limited (SAIL) to reduce dependency on imported coking coal and to source at least 60 percent of its projected 21 million mt per year requirement from domestic mines by 2015, a ministry official said on Wednesday, July 4.
 
Given the coking coal requirement of the steel industry, Mr. Verma also urged SAIL to expedite development of coking coal reserves of Tasra and Sitanalla, allocated to the company for captive consumption to achieve its target of 60 percent domestic sourcing of the raw material, the official said.
 
Last year, SAIL earmarked an investment of about $370 million for development of the two coking coal blocks to produce 4 million mt per year from Tasra and 50,000 mt per year from Sitanalla including a pithead beneficiation plant at Tasra. Project development works are yet to commence at each block.
 
Tasra has an estimated reserve of 285 million mt of coking coal, while the Sitanalla block has an estimated 108 million mt.
 
SAIL, the country's largest integrated steel producer consumes about 14 million mt per year of coking coal to produce 16 million mt per year of hot metal. Coking coal consumption is projected to increase to 21 million mt per year on completion of SAIL's expansion and modernization program which will increase hot metal production to 24 million mt per year within the next year.
 
At present, SAIL sources 4 million mt of coking coal from domestic sources like Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, and its captive mines, while it imports 10 million mt per year.

Similar articles

Local coke prices in China move down further

22 Nov | Scrap & Raw Materials

Ukraine’s Metinvest records higher crude steel and pig iron output in Jan-Sept

20 Nov | Steel News

Turkey’s coking coal imports increase by 22.6 percent in January-September

18 Nov | Steel News

Mills propose further price cuts in local Chinese coke market

15 Nov | Scrap & Raw Materials

India’s coal ministry annuls coal block allocated to JSW Steel Limited

11 Nov | Steel News

India’s coking coal import port traffic falls 6% in April-October

11 Nov | Steel News

Ex-Australia coking coal rises in new deals, sources sceptical on further increase

08 Nov | Scrap & Raw Materials

Coal exports from Queensland down 5.7 percent in October from September

06 Nov | Steel News

China’s coke prices move sideways locally, still slide in export market

01 Nov | Scrap & Raw Materials

China Shenhua Energy’s net profit down 4.5 percent in Jan-Sept

29 Oct | Steel News