India’s federal government is to make decision of giving Posco preferential access to an iron ore mine for the US$12-billion steel project in the country.
It the decision was made positively, the troubled project would have a boost. Actually the South Korean steelmaker has waiting for 8 years to get necessary clearances, land and an iron ore mining license. The world’s fourth largest steelmaker’s project is planned with 12-MTPA capacity, which is one of the several projects in Odisha facing protests and delays.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64382&division=A9
