Tata Steel is planning to commence production from Direct Shipping Ore (DSO) Project in Canada by year-end. The project, a JV where Tata Steel Minerals Canada holds 80% stake and New Millenium Iron Corporation - the remaining 20%, is expected to begin during the October-December quarter. Trial production (was) successful in 2012 with initial mining and dry processing of 63% iron grade ore. Plan for 1 MT of iron ore in FY'14, to be ramped up to over 3 MT in FY15. The DSO Project is run by Tata Steel Minerals Canada Ltd. Tata Steel Minerals Canada Ltd is also involved in the development of New Millennium's LabMag-KeMag iron ore deposits, which together have proven and probable reserves of 5.6 billion tonnes of low grade iron ore.
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