MAC: Mines and Communities

India update

Published by MAC on 2007-05-17

India update

17th May 2007

Opposition to Posco's integrated iron and steel project in Orissa has quickened, despite the South Korean company offering minor concessions over land.

The government's recent decision to lower export duty on iron will not apply to high quality ore; even so it is estimated that, by 2011, the country's domestic steel mills will be in deficit supply.

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