Monday 24 August 2015

Otmane El Rhazi : India scrambles to maintain Posco investment

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

In a last ditch effort to salvage South Korean steel major Posco’s Indian project, the Prime Minister’s Office (PMO) has convened a high level meeting this week to explore every option for the grant of iron-ore resources to the steelmaker. According to an official in the Steel and Mines Ministry, the meeting would be held under the aegis of the PMO with the direct intervention of Prime Minister Narendra Modi, and attended by officials in the Steel and Mines Ministries, representatives from the Odisha provincial government and PMO officials tasked with monitoring megaprojects under implementation across the country.

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