India's Tata Steel Resumes Operations at Top Iron Ore Mine


After a more-than-three-month stoppage, India's Tata Steel Ltd has resumed mining operations at its biggest iron ore mine, a company spokesman told Reuters, a move that will help lower its reliance on costlier imports of the raw material.

The eastern state of Jharkhand, where Tata Steel operates its 10 million tonne-per-year Noamundi mine, asked the company to stop operations in September pending a renewal of its lease.

Spokesman Chanakya Chaudhary said in an email to Reuters, "the company received the go-ahead for resuming operations from the state government on Wednesday and started operations on Thursday".

During the October-December quarter, Tata Steel on Monday warned that its profitability was impacted as plants operated below capacity due to shortage of iron ore.

Mining curbs in Jharkhand and neighbouring Odisha state have forced Tata Steel to resort to iron ore imports for the first time in over a century of operations this year.