July 18th (Steel Guru) – It is reported that Ispat Industries Limited is poised to get the much awaited iron ore mining lease in Jharkhand. The company is believed to have already received letter of allotment from the government a few days back for a mining lease at Latua in Chaibasa, in West Singhbhum district.

As per report, the mine is estimated to contain reserves of over 100 million tonnes of iron ore with iron content of 64% to 65%. State mining department officials maintained that the company s name has been recommended for allotment of iron ore mines at Latua.