Millennium Post

Tatas eye 1-mt Canada iron ore for EU steel ops

Tata Steel is looking to produce 1 million tonne (mt) iron ore from its project in Canada during the current fiscal, a move that will boost raw material supplies to its European operations.

It is also targeting to ramp up the production from Direct Shipping Ore (DSO) Project to over 3 million tonne (MT) next fiscal, it said in a presentation posted on its website.

Tata Steel, through Tata Steel Minerals Canada (TSMC), holds 80 per cent stake in the DSO project. The production is expected to begin from the October-December quarter. '(There is a) plan for 1 MT of iron ore in FY 2014, to be ramped up to over 3 MT in FY 2015. Key permits, approvals and environmental clearances (have been) obtained and construction is underway,' the company said.

In July, the DSO project had despatched its first train with products containing TSMC's dry crushing and screening plant with
164 cars of 100 tonnes capacity each to the Iron Ore Company of Canada terminal in Sept-Iles.
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