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India's Odisha state pitches for iron ore licence for POSCO

2015-01-19 13:21:18| Steel - Topix.net

India's Odisha state wants New Delhi to grant an iron ore exploration licence to South Korea's POSCO for its proposed $12 billion steel plant in the state, seeking an exception to a rule mandating auctions for all new mines. Prime Minister Narendra Modi's government last Monday issued an executive order under which states will have to auction off mines to "remove discretion in grant of mineral concessions".

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