SAIL will begin producing iron ore from the Chiria mines in the West Singhbhum district of Jharkhand by 2014. The company is set to finalize an investment roadmap for the project after completion of the detailed project report next month. It intends to develop the mine with an initial capacity of 7 million tns/yr to be subsequently expanded to 15 million tns/yr in the coming years. The mine will become operational within the next three years with an investment of INR 3500 crore. With proven reserves of more than 1.8 billion tonnes, Chiria is one of the largest iron ore mines in Asia.
