Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
South Korean steel major Posco is hoping to meet with Indian Prime Minister Narendra Modi for an intervention to secure iron-ore resources for its $12-billion steel plant project in India, hanging fire for over a decade. A decision on the allocation of iron-ore linkage for the proposed steel plant would be key to whether Posco India would renew the memorandum of understanding (MoU) signed with the provincial government of Odisha in 2005.
South Korean steel major Posco is hoping to meet with Indian Prime Minister Narendra Modi for an intervention to secure iron-ore resources for its $12-billion steel plant project in India, hanging fire for over a decade. A decision on the allocation of iron-ore linkage for the proposed steel plant would be key to whether Posco India would renew the memorandum of understanding (MoU) signed with the provincial government of Odisha in 2005.
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