IANS cited Mr Virbhadra Singh steel minister as saying that India will speed up the process of granting iron ore mining licenses to various steel companies including South Korea's POSCO.
Mr Singh said "We are planning to almost double the production of steel and for that we have to speed up Greenfield projects."
Referring to POSCO, which has been waiting for 4 years to secure raw material for its proposed USD 12 billion plant in Orissa, he said "We are looking into the matter and will get this done as soon as possible. We are working with the state government to expedite the matter."
Mr Saroj Mahapatra POSCO India spokesman said "We are hoping something good will happen. POSCO has faced opposition in Orissa on the account of land acquisition.”
(Sourced from http://www.steelguru.com/news/index/2009/07/13/MTAxODgz/Steel_plants_to_soon_get_iron_ore_mining_licenses.html
Sunday, July 12, 2009
Steel plants to soon get iron ore mining licenses
0 comments:
Post a Comment