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India delays decision on iron ore licence for POSCO's $12 bln plant
2014-10-18 08:23:10| Steel - Topix.net
India's federal government has again delayed a decision on permitting POSCO to mine iron ore, seeking more clarifications from Odisha state where the South Korean company has waited nine years to set up a $12 billion steel plant. Former Prime Minister Manmohan Singh said in January POSCO's request for a mining licence - the final regulatory hurdle for the project which would be the biggest foreign direct investment in India - was at an "advanced stage of processing".
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Category:Materials