Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
India’s federal government would intervene in the grant of a prospecting licence to South Korean steel major Posco, a crucial step for its $12-billion steel plant in the eastern Indian province of Orissa, which has been hanging fire for over a decade in absence of iron-ore linkage. A proposal has been received from the provincial government seeking a prospecting licence across 2082 ha of notified land with iron-ore reserves in favour of Posco. The matter was now under consideration as the local and central governments were extremely keen that the steel project gets under way despite the delays, an official in Mines Ministry said.
India’s federal government would intervene in the grant of a prospecting licence to South Korean steel major Posco, a crucial step for its $12-billion steel plant in the eastern Indian province of Orissa, which has been hanging fire for over a decade in absence of iron-ore linkage. A proposal has been received from the provincial government seeking a prospecting licence across 2082 ha of notified land with iron-ore reserves in favour of Posco. The matter was now under consideration as the local and central governments were extremely keen that the steel project gets under way despite the delays, an official in Mines Ministry said.
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