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Showing posts with the label MOEF

Posco’s iron ore project in Odisha still shrouded by clouds of uncertainty

After countless trips between New Delhi and Odisha over the past five years, Ho-Chan Ryu finally moved base to state capital Bhubaneswar in mid-May. The deputy managing director of Posco had good reason to do so. In the second week of May, a Supreme Court (SC) judgement took the Korean steelmaker one step closer to making the metal in India — a goal it has been steadfastly pursing against significant odds for the past eight years. The SC set aside a 2010 order of the Orissa High Court — triggered by a petition by a rival, Geomin Minerals & Marketing — that had nullified the state's government's recommendation of allotting a prospecting licence for the Khandadhar iron ore mines to Posco. "This [judgement] will significantly help expedite the project. We are happy that it has come at a time when there has been significant progress on the land clearance work," says YW Yoon, chairman and managing director of Posco India. Burning issues Getting rights to a virgin res

It Does Not Look Good For Cop Makeover

HYDERABAD: With only four days left for the mega biodiversity meet, host city Hyderabad is still far from pretty, the multi-crore beauty treatment notwithstanding. And painting the ugliest picture is the official venue for CoP-11, Hitex-HICC which is thick with dug-up stretches, broken road dividers, withering saplings, heaps of felled branches and a stinking water body. The unfinished parking lot and helipad, exclusively being re-done for the dignitaries, on Wednesday appeared more like a construction site sitting in the middle of a swamp. Most of the previously planted saplings in and around the venue are on their death bed and being hurriedly replaced with marigolds and other seasonal flowers which, however, have so far failed to uplift the look of the venue, instead only adding to the clutter and chaos. Government-appointed contractors working at the site said that they were confident that they would succeed in fixing every gap in the remaining two-three days to pre