360° Coverage : Tata Steel widens Africa presence

6 Updates
Tata Steel widens Africa presence
Photo Credit: , Getty Images

Tata Steel widens Africa presence

Oct 21 2013, 5:52am CDT | by IANS

Accra (Ghana), Oct 21 (IANS) Indian steel giant Tata Steel is widening its African presence as it moves to Cote d'Ivoire (Ivory Coast) to mine for iron ore.

Accra (Ghana), Oct 21 — Indian steel giant Tata Steel is widening its African presence as it moves to Cote d'Ivoire (Ivory Coast) to mine for iron ore. Director-general of Tata Steel Cote d'Ivoire...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Tata Steel widens Africa presence

Oct 21 2013, 5:52am CDT | by IANS

Accra (Ghana), Oct 21 (IANS) Indian steel giant Tata Steel is widening its African presence as it moves to Cote d'Ivoire (Ivory Coast) to mine for iron ore.

Accra (Ghana), Oct 21 — Indian steel giant Tata Steel is widening its African presence as it moves to Cote d'Ivoire (Ivory Coast) to mine for iron ore.

Director-general of Tata Steel Cote d'Ivoire Mukesh Ranjan told IANS here that the company expects to produce about 20 million tonnes of ore from its Bonglo project, some 500 km from the capital Abidjan, when mining begins in 2016.

The company already operates in Mozambique where it has mines for coal and has embarked on a stainless steel project in South Africa

The Cote d'Ivoire project is a joint venture between Tata Steel and the Ivorian state-owned mineral development company SODEMI -- with the Indian firm having a major shareholding of 75 percent. They signed an agreement for development of the Mount Nimba iron ore deposits, which are spread over three countries -- Cote d'Ivoire, Liberia and the Republic of Guinea.

Ranjan said the company is currently conducting feasibility studies of the project, which would be followed by construction of facilities at the mine.

The iron ore from this project will be supplied to Tata Steel units, especially those located in Britain and the Netherlands.

Tata Steel signed a joint venture deal six years ago with Australia's Riversdale Mining by which it paid $88.2 million to acquire 35 percent of Riversdale's Benga and Tete licences covering an area of 24,960 hectares, to produce coal in Mozambique.

The coking coal derived from this project will be supplied to Tata Steel's facilities in Europe, Asia and elsewhere. It has already signed the mining contract, and has secured the environmental licences for the Benga Coal Project and the Benga Power Project as well as approval for stage 1 of the Benga Coal Project after completion of the feasibility study for production of 10.6 million tonnes in two phases.

In connection with the project, which has a production potential of 5.3 million tonnes per annum, Tata Steel has also formalised a resettlement action plan, and signed the Project Labour Agreement (PLA) with SINTICIM (the Mozambican National Construction and Mineworkers Union).

(Francis Kokutse can be reached at fkokutse@hotmail.com)

IANS

Source: IANS

 
Update
6

3 weeks ago

Blessing in disguise for Coal India?

Oct 30 2014 2:16pm CDT | Source: Business Standard

The government has finally paved the way for ending the state monopoly, by allowing commercial mining in ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
5

4 weeks ago

Modi takes first bite at coal to end India's power mess

Oct 22 2014 4:01am CDT | Source: Reuters India

NEW DELHI (Reuters) - India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth-largest coal reserves, a sourc ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
4

4 weeks ago

Foreign firms with India units could mine, sell coal: sources

Oct 22 2014 3:45am CDT | Source: Business Standard

Govt could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reser ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
3

6 weeks ago

Duke Energy will excavate additional coal ash from Riverbend

Oct 10 2014 11:22am CDT | Source: Charlotte Business Journal

Duke Energy’s Riverbend Steam Station has 2.7 million tons of coal ash in ponds Duke must rebury in lined landfills, but it also plans to rebury 1.5 million tons of ash from a storage stack at the plant. That is one of the reasons that Duke intends to start excavating ash as soon as possible from the retired plant on Mountain Island Lake, as reported in this week's print edition of the Charlotte Business Journal. A new North Carolina law gives Duke until Aug. 1, 2019, to excavate an ...
Source: Charlotte Business Journal   Full article at: Charlotte Business Journal
 

 
Update
2

7 weeks ago

Coal stocks at 56 thermal plants critical: Central Electricity Authority

Oct 3 2014 7:04am CDT | Source: Business Standard

Coal stock position at thermal power plants remains critical as more than half of the generating stations have less than a week's fuel sto ...
Source: Business Standard   Full article at: Business Standard
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Global entrepreneurship summit boost for SMEs
Marrakech, Nov 22 (IANS) Nine agreements were signed between the Moroccan General Confederation of Enterprises (CGEM) and several small and medium enterprises (SMEs) as well as between major Moroccan banks and start-ups at the 5th Global Entrepreneurship Summit (GES 2014) held in Morocco.
 
 
NASA's flying saucer among 'Best of What's New'
Washington, Nov 22 (IANS) NASA's Low-Density Supersonic Decelerator (LDSD), a spacecraft that aims to facilitate the safe landing of future Mars missions, has earned a place in the the Popular Science magazine's "Best Of What's New" list.
 
 
Indian helping to light up Gambia (Diaspora Feature)
Banjul (Gambia), Nov 22 (IANS) Like many Indians who are proving to be philanthropists around Africa, Ram Mohan has set up a social business called Comafrique Intelizon Initiative and has embarked on the replacement of candles in villages in the Gambia with solar lights from India.
 
 
Leopards in human areas not conflict animals: Study
New Delhi, Nov 22 (IANS) Leopards in human areas are not always "stray" or "conflict" animals but residents with strategies to thrive in human dominated areas, says the first GPS-based study of leopards in India.
 
 
 

Latest from the Network

Amazon Black Friday: Samsung UN32H5203 Black Friday TV Deal is Best Seller on Amazon
Amazon begun to take pre-orders on 15 Samsung TV Black Friday 2014 TV deals. All deals are the at the lowest advertised prices in Black Friday ads. All Samsung Black Friday deals seem to be controlled by Samsung. Amazon...
Read more on Black Friday Countdown
 
Evangeline Lilly appreciated new Hobbit role
Evangeline Lilly found it ''liberating'' playing a new character in 'The Hobbit' movies. The former 'Lost' actress joined the cast as Tauriel in second movie 'The Hobbit: The Desolation of Smaug' and though she was...
Read more on Movie Balla
 
Indian smuggler shot by Nepal police
Kathmandu, Nov 22 (IANS) Nepal Police shot dead an Indian national along the Nepal-India border while he was smuggling weapons from India. The incident took place Saturday afternoon in Bishnupura village of Rupandhei...
Read more on Politics Balla
 
Battle with IS militants continues in Iraq
Baghdad, Nov 22 (IANS) Iraqi security forces launched a major offensive against Islamic State (IS) militants in the western province of Anbar Saturday, even as fighting continued in the province of Salahudin, a...
Read more on Politics Balla
 
Global entrepreneurship summit boost for SMEs
Marrakech, Nov 22 (IANS) Nine agreements were signed between the Moroccan General Confederation of Enterprises (CGEM) and several small and medium enterprises (SMEs) as well as between major Moroccan banks and start-...
Read more on Business Balla
 
Five killed in Indonesia landslides
Jakarta, Nov 22 (IANS) At least five people were killed and many houses damaged in landslides in Indonesia's North Sumatra Saturday, an official said here. Heavy downpour caused the landslides in Sibio Bio village of...
Read more on Politics Balla
 
Al-Shabaab claims responsibility for Kenya bus attack
Nairobi, Nov 22 (IANS) Somalia-based militant group Al-Shabaab Saturday claimed responsibility for the killing of 28 bus passengers in Kenya. Al-Shabaab spokesman Sheikh Ali Mohamud Rage said the dawn attack on the...
Read more on Politics Balla
 
Force India cars to start 13th, 14th at Abu Dhabi
Abu Dhabi, Nov 22 (IANS) Force India drivers Sergio Perez and Nico Hulkenberg will start 13th and 14th at the season ending Formula 1 Abu Dhabi Grand Prix to be held at the Yas Marina Circuit here Sunday. In Saturday'...
Read more on Sport Balla
 
Chandhok finishes 6th in Putrajaya ePrix
Putrajaya (Malaysia), Nov 22 (IANS) India's Karun Chandhok, driving for Mahindra Racing, eventually finished sixth to bring home eight points despite racing for a podium spot for most of the Formula E Putrajaya ePrix...
Read more on Sport Balla
 
Australia replace Sandhu with Conway in team facing India
Melbourne, Nov 22 (IANS) New South Wales (NSW) fast bowler Harry Conway replaced bowler Gurinder Sandhu in the CA XI squad in the first tour match against India as the Indian-origin player was selected for the NSW...
Read more on Sport Balla