Tata Steel With Brazilian Mining Giant Vale For Infusion Of Rs1,555cr

Tata Steel along with Brazilian mining giant Vale and other joint venture partners, is attempting a massive expansion of the Carborough Downs coal mine near Moranbah in Central Queensland, Australia, for an infusion of about Rs 1,555 crore. Carborough Downs is an underground mine operated by Carborough Downs Coal Management. Vale and its joint venture partners, comprising Tata Steel, Nippon Steel Corporation, Posco, JFE Steel and JFE Shoji, own around 80 per cent of the mine. Tata Steel, Nippon Steel and Posco own 5 per cent each in the Carborough Downs coal mine, while JFE Steel and JFE Shoji individually hold 2.5 per cent.

Tata Steel To Infuse Rs 600cr In Oman

Kolkata: Tata Steel Ltd will infuse $100-150 million in developing the Uyun limestone mine in the Sultanate of Oman in next three years. The mine will produce 10 million tonnes of limestone annually for consumption of Tata Steel''s facilities in India and Corus plants in abroad. The world''s largest steel marker has concluded an alliance agreement with Oman''s Al Bahja Group to develop the Uyun limestone deposits in Salalah. Tata Steel will hold 70 per cent stake in the joint venture, Al Rimal Mining LLC.