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9 Nov 2014

Indo Asian News service

Mining rights still elusive for Posco

Posco has been given the green signal by Odisha to mine in the Khandadhar iron ore reserves in Sundargarh district for its Jagatsinghpur steel plant, but setting up the $12 billion project remains a distant dream as the company continues to face stiff resistance from the residents...protests by Pauri Bhuiya, a primitive tribal group that lives around the Khandadhar hills, and civil society concerns are likely to hamper the company's prospects...the tribals had congregated at Budhabhin village under the banner of the Khandadhar Surakhya Sangram Samiti (KKSS) protesting against the mining as it would lead to their displacement...Posco India CMD G.W. Sung said...We have been waiting for 10 years. We wouldn't quit. No, never.