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Mining lease for POSCO plant now in legal row

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Down to Earth Magazine: Orissa Calling

POSCO is yet to procure permission for extracting 600 million tonnes of iron ore from Khandadhar hills in Sundergarh district. Media reports indicated that Orissa had granted the mining licences recently. But the state had earlier given away these mines to the Kudremukh Iron Ore Company Limited (kiocl), a public sector undertaking that shut down in Karnataka. kiocl had worked out contracts to set up a beneficiation/pelletization plant but Orissa asked it not to go ahead with its plans. When the state government’s favourable bend towards posco became obvious, kiocl took legal recourse. The issue was first heard in the high court. Subsequently, a tribunal in the ministry of mines heard the matter. On May 30, a business daily reported that Orissa “is all set to recommend the Khandadhar iron ore mines” for posco, with the formalities to be completed in the first week of June following the tribunal’s direction to re-open bids for licences.

Written by janjagriti

October 12, 2008 at 6:36 pm

Posted in Articles

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