Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
South Korean steel major Posco’s plans for securing iron-ore resources for its $12-billion Indian investments has been thrown a lifeline by intervention of Indian Prime Minister Narendra Modi. The project, which has been hanging fire for over a decade, was given a nudge following the Prime Minister’s two-day Seoul summit with Korean President Park Geun-hye, followed by a meeting with Posco CEO Kwon Oh Joon earlier this week.
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