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Top Stories

SC clears Posco, Vedanta projects
Aug 9, 2008 08:05
Posco and Vedanta joined ArcelorMittal in obtaining vital clearances to jumpstart their mega mining projects in India, which had been stalled for at least two years. The combined value of the investment in Orissa is expected at $33 billion. A Supreme Court committee approved Poscos plans to clear forests to produce 12 million tonne of steel a year at Paradip, while in another order, the court allowed Vedanta Resources to mine bauxite at Niyamgiri forest to feed its 1.4- mt alumina plant at Lanjigarh.


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