SAIL inks MoU with Government of Mongolia

In a bid to explore opportunities for setting up mineral processing units of iron ore and coal besides steel making units in Mongolia, SAIL has entered into a Memorandum of Understanding (MoU) with Ministry of Mineral Resource & Energy (MMRE), Government of Mongolia at Ulaanbaatar, Mongolia.

The MoU envisages exploration of opportunities for investments to be made by SAIL either individually or in a consortium with other entities to develop mineral processing/ steel manufacturing facility in Mongolia.

According to the MoU, MMRE will provide information on iron ore and coal deposits in Mongolia to the Indian PSU and will offer options of locations and size of steel manufacturing facility for pre-feasibility study. SAIL, on the other hand, will select the best available technology to treat Mongolian iron ore and coal deposits based on the feasibility study.