No Posco, but 3L trees axed for project
Bhubaneswar: As uncertainty prevails over South Korean steel giant Posco's proposed plant near Paradip, the state government on Tuesday informed the assembly that around three lakh trees were felled during
POSCO
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Steel companies plan expansion in Karnataka
The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities. Both the existing and new steel companies have lined up expansion plans as well as set up greenfield plants in the ore-starved Karnataka state. While newcomers like Arcelor Mittal and Posco are still awaiting allotment of captive mining leases before commencing work on their respective six million tonne per annum greenfield steel plants in the state, existing manufacturers like JSW Steel Ltd, BMM Ispat Ltd and Kalyani Steel have planned expansion.
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Posco land acquisition to resume in 15 days
The Odisha government has decided to resume the land acquisition process for South African steelmaker Posco’s project, which was stalled indefinitely in June last year following protests by villagers and Left leaders. The decision was taken in a meeting convened by Chief Secretary B K Patnaik on 16 August, where officials of the Central Revenue Division Commissioner, Posco-India, Jagatsinghpur district administration and Industrial Infrastructure Development Corporation of Odisha (Idco) were present.
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Stalemate on proposed SAIL-Posco, NMDC-Severstal JVs continues
However, Chairman of SAIL, NMDC positive about development Differences on shareholding issue continue to come in the way of formation of two steel-making joint ventures--SAIL-Posco and NMDC-Severstal--involving over Rs 35,000 crore investment, as both the overseas firms are insisting on owning majority stakes in them. Though differences between the two domestic firms and the overseas entities over the issue has been on for quite some time now without signs of an early settlement, C S Verma, Chairman of both SAIL and NMDC, sees light at the end of the tunnel.
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K'taka begins process to allot mining lease to Arcelor Mittal
Even as decks are being cleared for recommencement of iron ore mining in Karnataka, following the clearance from a Supreme Court panel, the Karnataka government has initiated the process of allotting fresh mining lease to Arcelor Mittal India. Arcelor Mittal has proposed to set up a six million tonne per annum steel plant and a 750-Mw captive power plant at an investment of Rs 30,000 crore in Bellary district. It signed a memorandum of understanding with the state government during the Global Investors’ Meet in June 2010.
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Karnataka starts move to grant mining leases; steel plants may get preference
Bangalore After a three-year gap, the Karnataka government has initiated the process to recommend new iron ore mining leases, a move that could speed up the launch of large steel projects by ArcelorMittal and Tata Metaliks in the state. “We have started the process by surveying land in Bellary and studying availability of iron ore deposits,” MN Vidyashankar, principal secretary, department of industries & commerce, Karnataka, told FE. The state government will have to forward lease recommendations for various parties to the Centre, which is the final ratifying authority.
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Tribunal to hear all green cases
All cases on environmental issues — save those related to wildlife — will be transferred to the National Green Tribunal (NGT), which is not fully operational even more than a year after it was set up.
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Steel firms in state plan to up capacity
The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities. Both the existing
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OMC signs long-term iron ore sale pacts for Khandadhar mines
State-run miner Odisha Mining Corporation (OMC) has signed pacts with steel makers Adhunik Metaliks and Rexon Strips to supply iron ore for next five years from its Kurmitar Pahar mines in Khandadhar area in Koira mining circle of Sundergarh district. “We have entered into two long-term sales agreements with two companies-Adhunik Metaliks and Rexon Strips. These companies will get one million tonne iron ore every year for a period of five year from Kurmitar mine (Khandadhar),” said Saswat Mishra, chairman-cum-managing director of OMC.
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The Ground Realty
Stung by criticism that tribals and farmers are being uprooted to make way for industrial projects, the Orissa government has scaled down its land acquisition drive. Companies too have begun cutting down
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Villagers oppose move to acquire land for Posco plant
Agitators ask Patnaik government to withdraw project from locality Hundreds of villagers staged a rally at Gobindpur village of Odisha’s Jagatsinghpur district on Monday to reiterate their strong opposition to a fresh move by the Naveen Patnaik government to acquire land for the proposed Posco mega steel plant project. The villagers, who gathered at Dhinkia village despite heavy rains, told the administration and the company to refrain from making attempts to create divisions among the villagers.