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India’s Rowghat Iron-Ore Project Delayed on Security Concerns
Sep. 09, 2011 11:22AM PST
Base Metals Investing
Mining Weekly reported the Rowghat iron-ore mine in the central Indian province of Chattisgarh will be delayed by at least two years.
Mining Weekly reported the Rowghat iron-ore mine in the central Indian province of Chattisgarh will be delayed by at least two years.
The market news is quoted as saying,
Four months ago, Steel Authority of India Limited (SAIL), the country’s largest integrated steel producer, began work on development of Rowghat, where iron-ore reserves are estimated to be 500-million tons. SAIL unveiled a $671-million investment plan designed to build a mine capable of producing 14-million t/y from 2015.
But in light of two months of violent opposition spearheaded by a left-wing group, which controls large tracts of inhospitable and forest areas of Chattisgarh, it was now unlikely that SAIL would be able to operationalise the mine before 2017.