Hyderabad, Nov 21 : OreTeam, a steel and steel making commodities research house, will be organising a two-day international conference on iron ore mining industry at HICC, here from December 13.
'Now with all the major iron ore mining regions in the country under scrutiny, there is bound to be a short supply of raw material for steel making. As per OreTeam data, the iron ore production in 2012-13 is pegged at around 140 million tonne, which would just suffice to the overall domestic requirement discounting any international exports.
Already, some of the steelmakers have responded by importing iron ore, which seemingly is a short term arrangement,' Mr Sachin Sehgal, Director of OreTeam, said in a release here today. It may be recalled that India's iron ore mining industry has been reeling under tremendous pressure what with the number of issues like mining and export ban in Kanataka since mid 2010, and most recently the Odisha where the state government had asked Rs 67,000 crore from major mining companies in that region for violating statutory clearances and producing excessive iron ore over the past 10 years.
'These issues are more likely to hit hard India's chances of implementing and reaching the much desired figures in the new draft of the National Steel Policy that pegged the country's steelmaking capacity of around 281 million tonne by 2025-26. The upcoming conference will deliberate on such issues and will come out solutions on the same,' Mr Sehgal said. The event, touted as the largest convention on the iron ore mining industry in Asia, is expected to see the participation of over 200 companies from steel, iron ore, coal and allied-industries like NMDC, Essar, Jindals, Severstal, NSL, Rio Tinto. The two-day conference will witness over 300 delegates taking part in the deliberations and event proceedings.