According to a status paper prepared by the Odisha government, the Indian arm of South Korean steel maker Posco is set to get 1,554 acre land for its proposes steel plant in Jagatsinghpur district. The Indian arm of the South Korean firm plans to set up a 12-mn tpa greenfield steel facility near Paradip at an in
Tag: minerals
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Posco wants govt to revalidate green nod
Media reports indicate that the Korean steel major Posco wants the Indian government to revalidate the environment clearance for the Rs 52,000-crore steel project in Odisha. Although the project was given clearance in 2005-06, that was put on hold subsequently. Following this, the green tribunal visited the site and sent its report to the e
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Posco wants govt to revalidate green nod
Media reports indicate that the Korean steel major Posco wants the Indian government to revalidate the environment clearance for the Rs 52,000-crore steel project in Odisha. Although the project was given clearance in 2005-06, that was put on hold subsequently. Following this, the green tribunal visited the site and sent its report to the e
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India, Brazil to sign pact on cooperation in steel sector
The Minister of Steel, Beni Prasad Verma has said that a Letter of intent has been signed recently in February, 2013 between Ministry of Steel, Govt. of India and Ministry of Mines and Energy, Federative Republic of Brazil to promote and expand bilateral relations in mineral and steel sector. Next step is to sign a Memorandum of Understanding (MoU) between the Government of Brazil and Gov
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Essar group mulls port project in Mozambique
Essar Africa Holdings, the African subsidiary of Essar group, plans to invest $275 million on developing a 10-million tonne (mn t) port in Mozambique. The project is currently on the drawing board, reports indicate. At a time when the group is looking at growth opportunities and overseas projects, the proposed port may facilitate exports from Zimbabwe Iron and Steel Company (ZISCO), a Zimbabwe-based company it acqu
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Posco expects to ready steel project in 5 years
Media reports quoted a senior executive of Posco India as saying that the company needs at least two years for fencing and land preparation for its proposed 8 mn tpa steel project and subsequently the first stage construction of the project needs three years. So, the company expects to begin production at the mega steel plant near Paradip in Odisha's Jagatsinghpur dist
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New coke battery of IISCO plant to benefit bottomline
Narendra Kothari, Chief Executive Officer of IISCO Steel Plant said the new coke oven battery Number 11, which began operation recently, would contribute significantly to the overall bottom line of the company. It may be noted that the Burnpur-based IISCO Steel Plant (ISP), which is part of SAIL, begun trial productions at some of its new units Ćā coke oven batt
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New coke battery of IISCO plant to benefit bottomline
Narendra Kothari, Chief Executive Officer of IISCO Steel Plant said the new coke oven battery Number 11, which began operation recently, would contribute significantly to the overall bottom line of the company. It may be noted that the Burnpur-based IISCO Steel Plant (ISP), which is part of SAIL, begun trial productions at some of its new units Ćā coke oven batt
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OVL plans to exit South China Sea block
According to source-based information, ONGC Videsh plans to exit the hydrocarbon block offered by Vietnam to it in the maritime region of South China Sea as it found that the bed of the block was very difficult. ONGC Videsh, the overseas arm of ONGC, feels that the cost of operating the block is higher than the benefits and so it is not conducting operation there. However, Viet
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Roskill sees ore prices above $120 till 2014
London based metals and minerals research house Roskill Information Services expects prices to remain above $120 per tonne for 63.5 percent Fe content India