Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
South Korean steel major Posco might be packing up its $12-billion steel mill project in India; however, the provincial government of Odisha is making a last ditch effort to prevent it, offering the Korean company raw iron-ore material. The provincial government had been in frantic communications with the federal government over the past week, pushing for iron-ore linkages to the Posco steel project from government-controlled mining companies like Odisha Mining Corporation (OMC) or even the formation of a new joint venture (JV) between OMC and Posco, a senior government official said.
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