ArcelorMittal Announces Greenfield Progress
ArcelorMittal recently announced that it
has been allocated steam coal blocks for
the first phase of its Indian greenfield
projects in Jharkhand and Orissa.
ArcelorMittal plans to build integrated
steel plants in Jharkhand and Orissa
each with a total annual capacity of 12
million metric tons (mt) at a combined
investment of approximately US$20 billion.
The projects would be developed in
two phases of 6 million mt each. Each
plant will also have captive power units
for which the coal block allocations will
be used. The Government of India has
allocated ArcelorMittal coal blocks on a
sharing basis at Sereghara block in
Jharkhand and Rampia and Dip-side
Rampia block in Orissa. In Jharkhand,
ArcelorMittal has been allocated 83.33
million mt of steam coal out of the 150
million mt allocated. In Orissa, the share
is 84.16 million mt out of a total of
645.24 million mt.
As featured in Womp 07 Vol 9 - www.womp-int.com