Putting an end to the fierce scramble for India's iron ore resources, the government has decided to split the Chiria iron ore mines in Jharkhand into two and give at least half the reserves to Steel Authority of India Ltd for its expansion plans. The other half will be kept for development by the private sector later, said informed sources.
Mechanised mining is set to become operational in Chiria in three years' time.
Company says no project in Jharkhand without allotment of SAIL-owned Chiria mines.
At least 13 attempts were made earlier at modernising.
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