Archive · 26 Jun 2025
Lloyds Metals Gets Clearance For Major Iron Ore Expansion
Lloyds Metals got the go-ahead to dig up more iron ore, aiming to become India's biggest iron ore mine!
They plan to mine a lot of ore, which will help make steel.
This will help steel companies in the Gadchiroli area.
They'll use green methods like electric machines.
They will start with one type of iron ore and then switch to another type.
This is important for the steel industry.
They're also making their own machines.
Lloyds Metals received environmental clearance to expand its iron ore mining capacity to 55 MTPA.
The expansion marks a significant milestone for LMEL and the steel industry in Gadchiroli.
The company plans to extract up to 26 MTPA of Hematite initially, scaling up to 55 MTPA.
LMEL's mining operations will use battery-operated equipment and renewable energy.
Operations will commence post receipt of the consent to operate from the Maharashtra Pollution Control Board.
- Who
- Lloyds Metals and Energy Ltd (LMEL)
- What
- Lloyds Metals received environmental clearance to expand its iron ore mining capacity.
- When
- Operations will commence post receipt of the consent to operate from the Maharashtra Pollution Control Board.
- Where
- Gadchiroli region, India
- Why
- To strengthen LMEL's forward integration into pellet and steel production, support cost-effective operations and boost EBITDA margins.
- Company
- Lloyds Metals and Energy Ltd (LMEL)
- Clearance
- Environmental clearance (EC)
- Capacity
- 55 million tonnes per annum (MTPA)
- Location
- Gadchiroli region
- Ore type
- Hematite and Banded Hematite Quartzite (BHQ)
- Equipment
- Battery-operated, LNG vehicles, electrically powered machinery