India's Tata Steel limited has initiated a trial to import iron ore from its Canadian assets for the first time as part of a strategy to mitigate potential raw material supply risks associated with the expiration of iron ore mining leases in India in 2030, industry sources told SteelOrbis on Friday, January 9.
The company has ordered a significant cargo of iron ore from its subsidiary, according to sources. Tata Steel Minerals Canada (TSMC) for shipment to its Indian operations. The move is intended to reduce exposure to possible supply disruptions if mining leases for unclaimed minerals are not renewed after 2030.
High-grade Canadian iron ore to support contingency planning
A company executive said Tata Steel management has approved domestic supplies of iron ore from Canada with an iron content of about 64 percent Fe to ensure readiness to any potential shortfall once the pit lease expires.
Tata Steel is currently completely self-sufficient in its iron ore sourcing, meeting all its needs from six mines located in eastern India. However, the company views the Canadian supply route as a strategic contingency and not a replacement for domestic production.
Domestic mine expansion in Odisha
In parallel, Tata Steel continues efforts to expand mining capacity at its iron ore assets in Odisha, including the Gandhalpada and Kalamang mines, executive
