File photo
Bangalore:
With Karnataka's mining industry getting past the worst phase in the wake of partial lifting of the ban, miners, officials, exporters and importers from India and abroad will hold a two-day meet in Bangalore from July 4 to 'rebuild' the lucrative sector by beneficiation technologies.
Senior Karnataka ministers, Central officials, industry leaders and delegates from countries like China, Singapore and Australia will debate on the issue alongside the annual conference of OreTeam, a leading global research house in Bangalore.
"With mining expected to take off soon, it is time that all stakeholders come together and work out strategies to find out value additions like palletisation and rebuild the industry. The event is going to be the perfect opportunity to lay the roadmap for future," OreTeam Director Sachin Sehgal said.
He said the industry on its own produces nearly 15 per cent of Karnataka's industrial output and billions of dollars' worth investments are pouring into the state to set up new iron and steel making capacities. There are close to 50 DRI plants in the state producing nearly six million tons of sponge iron and 16.5 million tons of crude steel. Put together, all these units require nearly 32 million tons of iron ore," Mr Sehgal said.
At this juncture, miners are looking at beneficiation technologies like palletisation as their only hope to generate income, he said.
The conference will also provide a chance for interactions between miners and traders as many foreign companies are keen to invest and give technology for palletisation.
Siemens from Austria and Kobe from Japan have already set up their bases in India to provide their technologies.
"With availability of high-grade lump ore increasingly becoming scarce, demand for beneficiation and pelletizing technologies is growing in importance. These ensure utilization of fines and are therefore imperative with respect to Industrial outlook on sustainability of environment and natural resources," said the official spokesperson of Finland based Outotec, which is sending a delegation to the conference.
Major companies like JSW Steel, Frost, RioTinto, Vale, Synergy Group and Posco would attend the event.
Technology providers like Outotec, Naltern, Siemens and Shougang will present new processes. RioTinto and will showcase its core steel making HIsmelt process.
Senior Karnataka ministers, Central officials, industry leaders and delegates from countries like China, Singapore and Australia will debate on the issue alongside the annual conference of OreTeam, a leading global research house in Bangalore.
"With mining expected to take off soon, it is time that all stakeholders come together and work out strategies to find out value additions like palletisation and rebuild the industry. The event is going to be the perfect opportunity to lay the roadmap for future," OreTeam Director Sachin Sehgal said.
He said the industry on its own produces nearly 15 per cent of Karnataka's industrial output and billions of dollars' worth investments are pouring into the state to set up new iron and steel making capacities. There are close to 50 DRI plants in the state producing nearly six million tons of sponge iron and 16.5 million tons of crude steel. Put together, all these units require nearly 32 million tons of iron ore," Mr Sehgal said.
At this juncture, miners are looking at beneficiation technologies like palletisation as their only hope to generate income, he said.
The conference will also provide a chance for interactions between miners and traders as many foreign companies are keen to invest and give technology for palletisation.
Siemens from Austria and Kobe from Japan have already set up their bases in India to provide their technologies.
"With availability of high-grade lump ore increasingly becoming scarce, demand for beneficiation and pelletizing technologies is growing in importance. These ensure utilization of fines and are therefore imperative with respect to Industrial outlook on sustainability of environment and natural resources," said the official spokesperson of Finland based Outotec, which is sending a delegation to the conference.
Major companies like JSW Steel, Frost, RioTinto, Vale, Synergy Group and Posco would attend the event.
Technology providers like Outotec, Naltern, Siemens and Shougang will present new processes. RioTinto and will showcase its core steel making HIsmelt process.
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