JSB Commences Dispatch of Iron Ore from EL-Mutun Mines, Bolivia
OREANDA-NEWS. July 6, 2011. Jindal Steel Bolivia (JSB), a subsidiary of Jindal Steel and Power Limited (JSPL), reached a historical landmark as the company commenced dispatch of iron ore from its El-Mutun mines in Puerto Aguirre, a river port in
The logistics of the dispatch of the iron ore has been a major challenge for this project and the start of iron ore transportation is a landmark step towards overcoming this challenge. The initial shipment was flagged off recently by Mr. Vikrant Gujral, President JSB and Group Vice Chairman & Head Global Ventures of JSPL. This was done in the presence of dignitaries of the government of
Jindal Steel Bolivia had secured the development rights of 20 billion tons of iron ore of El Mutun mines, one of the world’s single biggest iron-ore deposits, in 2007. The 40-year contract that gave the company the right to mine the reserves of iron ore also includes setting up an integrated 1.7 MTPA Steel Plant, a 6 MTPA Sponge Iron and 10 MTPA Iron Ore Pellet plant in
The company is starting construction work on the DRI, Pelletisation, and Steel project. These are expected to become operational in the next 3-4 years.
JSB has already placed an order for an ultra mega module DRI Plant of 2.52 MTPA capacity from
About Jindal Steel & Power Limited (JSPL)
Jindal Steel and Power Limited (JSPL) today is one of
The company produces economical and efficient steel and power through backward integration from its captive coal and iron-ore mines. From the widest flat products to a whole range of long products, JSPL sports a product portfolio that caters to each and every need in the steel market. It also has the distinction of producing the world’s longest
The organisation is equally concerned about the environment and is committed towards restoring nature’s balance by maintaining a clean and green environment. JSPL’s Corporate Social Responsibility policy aims at bringing about a radical transformation in the lives of people of the area where the company’s projects are located.
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