The Jharkhand government has agreed to renew Sail's Buddhaburu lease — part of the Chiria iron ore belt — having reserves of 810 million tonnes. Chiria is Asia’s largest iron ore belt, with two billion tonnes of reserves.
Moreover, a memorandum of understanding was signed between the state-owned mining company NMDC and Steel Authority of India (SAIL) to jointly develop a limestone project at Arki in Himachal Pradesh with a three-million tonne per annum capacity.
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