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 the process of land acquisition for the project. "According to sources available with Odisha Industrial Infrastructure Development Corporation (the state's …
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 the process of land acquisition for the project. "According to sources available with Odisha Industrial Infrastructure Development Corporation (the state's …
Bhubaneswar: In June 2005 when the Naveen Patnaik government signed an MoU with the South Korean steel behemoth, Posco, for a 12-mtpa mega steel plant in the state, the public euphoria reached its peak. The reason was obvious: Odisha, full of iron ore reserves, was always passionate about having another …
Suspense over the fate of the Rs 50,000-crore Posco steel project in Odisha has deepened with the South Korean giant showing disinterest in pursuing it because of the hurdles it continues to face on grounds of environment protection. Appearing before the National Green Tribunal (NGT) on Friday, Posco's counsel expressed …
PMO's intervention comes against the backdrop of the steel major temporarily dropping plans to set up a 12-mtpa integrated steel plant in Jagatsinghpur district in Odisha The Odisha government may offer steel giant Posco the option of a joint venture (JV) with state-run Odisha Mining Corporation (OMC) as the Centre …
OSLO—Norway’s sovereign-wealth fund, the world’s biggest, said Monday that it would exclude four companies from its investment portfolio on concerns that the companies could create severe environmental damage as they convert tropical forest into palm-oil plantations. The exclusions include South Korea’s Posco and Daewoo International Corp. as well as Malaysia’s …
The 3 MTPA integrated steel plant will be set up at Satarda in two phases A worker cuts a steel rod inside a steel factory on the outskirts of Jammu Shree Uttam Steel and Power, a part of Uttam Galva Group, and Posco Korea, on Tuesday agreed to set up …
FIR against encroachers from Gobindpur, Nuagaon and Gadkaujang villages has been lodged at Abhayachandpur police station The Jagatsinghpur district administration has filed FIR against 18 villagers for encroaching upon the land acquired for Posco project and illegally raising betel vines. These villagers, who had dismantled their betel vines to clear …
Indian mining giant dismisses 50 staff in a move that raises further questions about the viability of the proposed mine and rail link in Queensland Work on one of the world’s biggest coal projects has ground to a halt with the Indian coal giant Adani dissolving the project management team …
The ruling Biju Janata Dal (BJD) in Odisha on Sunday said it would oppose the land acquisition Bill proposed by the Centre during the monsoon session of Parliament beginning from Tuesday. The party said it would also raise the issue of South Korean steel major Posco, which has been asked …
The company waited about a decade to acquire land for the proposed 12-million-tonnes-a-year steel plant, owing to opposition from local tribal groups. South Korean steelmaker Posco could scrap plans for a $12-billion project it had agreed to set up in Odisha a decade ago, following a new law that makes …
With the process having been initiated to allot Khandadhar iron ore reserve through the auction route, tribals residing in hilly terrains in Odisha’s Sundagarh district have announced that they will continue their resistance, which will be similar to their protest against the earlier proposal of handing over the reserve to …
The fate of South Korean major Posco Steel’s $12-billion project in Odisha hangs in balance with the central government’s new rules under which the company needs to acquire iron ore only through bidding and the state government looking at providing it iron ore linkage from Odisha Mining Corporation (OMC), which …
With the Centre proposing to give state governments the powers to reserve end-use of any mine put up for mining lease (ML) auction, steelmakers have reason to cheer as merchant miners with deep pockets can be kept away, if state governments so desire. However, much to the disappointment of steelmakers, …
Even as uncertainty continues to prevail over the fate of Posco’s mega steel project near Paradip, the State Government has maintained that the ball is in the Centre’s court with regard to raw material linkage for the South Korean firm. According to Steel and Mines minister Prafulla Kumar Mallick, the …
The ordinance, which was approved in both the lower and upper houses of the Parliament last week, was also backed by Biju Janata Dal The state government today said it is negotiating with the Central government about granting an iron ore lease to Posco, after the recently introduced Mines Minerals …
Centre says Posco cannot have prioritised access to iron ore deposits Odisha government will oppose Centre’s view that Posco cannot have a prioritised access to the Khandadhar iron ore deposits for captive consumption for its proposed steel making project in the State. Prafulla Kumar Mallick, Odisha’s Steel and Mines Minister, …
CHANGE ON CARDS It will decide the fate of mines by defining whose leases will get extension and whose will be cancelled, paving way to put them up for auction Developments during the past week has kept the mining sector on its toes. If the “Mines and Minerals (Development and …
Co may now have to bid for an iron ore reserve for captive consumption South Korean steelmaker Posco's ambition to set up a 12-million-tonne-capacity plant in India with an investment . 51,000 crore may have taken anof ` other hit with the Narendra Modi government's move to allocate all future …
The Odisha government on Tuesday said that over 100 mine leaseholders have not paid additional net present value (NPV) on the forestland used by them. State Forest and Environment Minister Bikam Keshari Arukha on Tuesday informed the State Assembly: “There are 111 mining leaseholders who are yet to pay the …
The Centre and Odisha government are committed to the Posco project, Union Steel Secretary Rakesh Singh said and promised adequate raw material linkage to local industries. "We have discussed the issue. Both government of India and government of Odisha are committed to the Posco project in the state. We are …
