With the process having been initiated to allot Khandadhar iron ore reserve through the auction route, tribals residing in hilly terrains in Odisha’s Sundagarh district have announced that they wil

The fate of South Korean major Posco Steel’s $12-billion project in Odisha hangs in balance with the central government’s new rules under which the company needs to acquire iron ore only through bi

With the Centre proposing to give state governments the powers to reserve end-use of any mine put up for mining lease (ML) auction, steelmakers have reason to cheer as merchant miners with deep poc

Even as uncertainty continues to prevail over the fate of Posco’s mega steel project near Paradip, the State Government has maintained that the ball is in the Centre’s court with regard to raw mate

The ordinance, which was approved in both the lower and upper houses of the Parliament last week, was also backed by Biju Janata Dal

Centre says Posco cannot have prioritised access to iron ore deposits

CHANGE ON CARDS It will decide the fate of mines by defining whose leases will get extension and whose will be cancelled, paving way to put them up for auction

Co may now have to bid for an iron ore reserve for captive consumption

The Odisha government on Tuesday said that over 100 mine leaseholders have not paid additional net present value (NPV) on the forestland used by them.

The Centre and Odisha government are committed to the Posco project, Union Steel Secretary Rakesh Singh said and promised adequate raw material linkage to local industries.