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ARCELORMITTAL, POSCO SEEK FASTER ALLOCATION OF IRON ORE MINES.
NEW DELHI, Oct 1 Asia Pulse - The world's leading steel makers including Posco (KSE:058430) and ArcelorMittal have asked government to speed up allocation of iron ore mines, saying they are critical for their greenfield projects planned in India.
The steel majors also want the central governement to ensure mineral linkages and fast statutory clearances for timely completion of their billion-dollar steel projects.
"Among the major impediments that the investors including Posco and ArcelorMittal want to be addressed include mineral linkages, allotment of captive iron ore mines and land acquisition," Steel Secretary P K Rastogi said.
The secretary had Monday convened a meeting of mega steel investors to take stock of their problems in setting up greenfield projects, which are ...
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Source: HighBeam Research, ARCELORMITTAL, POSCO SEEK FASTER ALLOCATION OF IRON ORE MINES.