http://pib.nic.in/release/release.asp?relid=55803Iron Ore...

http://pib.nic.in/release/release.asp?relid=55803

Iron Ore reserves

RAJYA SABHA

The Minister of Mines and Minister of Development of North Eastern Region Shri B.K. Handique has said that, as per available information, the total iron ore reserves in the country is 7.06 billion tonnes and the total resources of iron ore are estimated at 25.25 billion tonnes as on 01.04.2005. The level of steel production and the grade of iron ore, taken for purposes of calculating the resources, are important parameters for determining how many years the iron ore deposits will last. The estimated figures can be between 150 to over 200 years depending on the assumptions made.

In a written reply in the Rajya Sabha today he said, India has ample resources of Iron Ore, which can suitably cater the future requirements. The resources of iron ore are dynamic in nature and bound to increase with further exploration.

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NSK/AK