OMC open to long-term linkage pact with JSW Steel

The objective is to secure the long-term iron ore supplies for the steel plant

JSW Steel's proposed 10 million tonne steel project in Odisha has moved a step ahead with the state run miner Odisha Mining Corporation (OMC) keen to have a long-term iron ore pact with the steel company.

In its proposal, the company has pitched for a long-term agreement for 50 years with state owned OMC to supply 30 million tonne per annum of iron ore fines at IBM (Indian Bureau of Mines) declared price. JSW Steel has suggested that OMC may engage a Mine Developer cum Operator (MDO) on a long-term basis to develop its large mines like Gandhamardhan and Dubuna. The