Jamshedpur, India, 14 May – The European industrial units of Indian group Tata Steel will begin to be supplied by coal mined in Canada and in Mozambique, the group’s chief executive; HM Nerukar said Wednesday in Jamshedpur.
Speaking on the sidelines of a reception in the Indian city, Nerurkar said that the group’s steel works in Europe would start to be supplied with 2 million tons of coal per year as of the first quarter of the 2011/12 financial year from coal mines the group planned to acquire in Canada.
As of the first quarter of the 2012/13 financial year, those units would start receiving 2 million tons of coal per year from mines in Mozambique.
Tata Steel Europe has been following a strategy of ensuring it obtains at least 50 percent of its raw materials it needs from group companies, specifically 35 million tons of iron ore and 20 million tons of coal per year in order to achieve production of 22 million tons of steel per year. (macauhub)