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Tata Steel facilitates stakeholder consultation by IBM for deciding the threshold value of minerals for eastern states

Noamundi, August 21, 2017

The Noamundi Iron Mine of Tata Steel facilitated the stakeholder consultation for deciding the threshold value of minerals for eastern states. The workshop to this effect was organised by Indian Bureau of Mines (IBM) at JRD Tata Training Institute auditorium, Noamundi. IBM is a subordinate office of Ministry of Mines, Government of India, which is engaged in the conservation and development of the valuable mineral resources of the country.

The workshop was inaugurated by the Mr Ranjan Sahai, Controller General, IBM, who graced the occasion as chief guest along with Mr Chanakya Chaudhary, Group Director, Corporate Communications & Regulatory Affairs, Tata Steel, Mr Anupam Nandi, Regional Controller of Mines,Ranchi Region, IBM, Mr S K Adhikari, Chief Mining Geologist, IBM and Mr Pankaj Satija, General Manager (Ore Mines & Quarries), Tata Steel.

Mr Satija welcomed the gathering and urged all the mining companies to participate in the discussion to have fair representation of the case of eastern states in framing the policy and said that the mining companies should aim towards zero waste mining.

Mr Chaudhary in his address said: “I am sure that lot of inputs will come from all stakeholders through this engagement. The workshop will enable us to review and revise the threshold value of minerals and come out with optimum solution for fixing the threshold value.”

Mr Sahai thanked Tata Steel for organizing the workshop at Noamundi Iron Mine. Mr Sahai expressed his views on scientific and systematic exploration of mines. He talked about the use of drones in surveying, mine planning and management and sought suggestions from stakeholders in embedding it in the system.

Threshold value of mineralsis the limit prescribed by IBM from time to time based on the beneficiability and or marketability of a mineral for a given region and a given time, below which a mineral obtained after mining can be discarded as waste. The workshop was attended by over 150 stakeholders including the mining companies, namely, Tata Steel, SAIL, Rungta Mines, Essel Mining and Triveni, policy makers and regulators from the eastern region.

The inaugural session was followed by the technical sessions on iron ore and manganese ore, where the threshold value of these minerals were reviewed and discussed.

About Tata Steel

 Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) as on March 31, 2017. It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a consolidated turnover of US $18.12 billion (INR 117,420 crore) in FY17. Tata Steel Group is spread across five continents with an employee base of nearly 74,000. Having bagged the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, Tata Steel has now been recognised as the global ‘Industry Leader’ in ‘Steel category’ by Dow Jones Sustainability Index (2015). Besides being a member of the World Steel Climate Action Programmer, Tata Steel has also been felicitated with several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2013-14 (received in 2017), Best Risk Management by CNBC TV18 (2016), ‘Best-in-class Manufacturing’ award from TIME India (2016) and the ‘Most Ethical Company’ award from the Euthyphro Institute (2016), IIM Sustainability Award (2015), among several others.

Disclaimer

Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.

Kulvin Suri

Chief, Corporate Communications, India & SEA

Tata Steel

E-mail: kulvinsuri@tatasteel.com