BHUBANESWAR: With patience running thin after a long wait to see its greenfield projects in Odisha and Jharkhand take off, ArcelorMittal seems to have learnt it the hard way that the wait has to be much longer. And hours after a ‘harsh’ statement from the company spokesperson in New Delhi, the State Government said it would review the project’s progress.

India-shy L N Mittal, the company CEO, had told his shareholders at a meeting in Luxembourg on Tuesday that Indian projects may not see the light for the next five to 10 years.

Mumbai: South Korean steel major Posco has sounded out unlisted Essar Steel for an alliance to build the planned $12 billion (12 million tonnes) steel plant in Orissa, which has run into repeated hurdles since the world’s fifth largest steel maker signed the construction agreement with the state government in 2005.

“They (Posco) have approached us (Essar Steel) through a third party to revive the Orissa steel plant,” a person with direct knowledge of the development, but doesn’t want to identified, told FE. “We are yet to respond to Posco’s proposal,” the person added.

Bangalore Uncertain times await investors planning to start iron-ore mining in Karnataka, as the state government has made it clear that fresh leases will be given only after the Supreme Court clears all legal cases concerning the sector.

The state's controversy-ridden industry has come under the purview of the central empowered committee (CEC) of the Supreme Court which has recommended a ban on issuing fresh mining permits.

In fresh proposal, co asks for 2,210 acres at Bijulia, Tughri, Gopidih & Chackmohanpur in Bokaro
In a slight change in strategy towards setting up a greenfield steel unit in India, the world’s largest steel maker, ArcelorMittal, has asked the state government of Jharkhand for an additional 2,210 acre in an attempt to hasten the progress of its proposed 12 mtpa greenfield plant in the state.

Tribal inhabitants of Saranda in Jharkhand might have found some solace in the 'assurance' of Union Rural Development Minister Jairam Ramesh categorically stating that he was against mining in this tribal belt. The outspoken Minister, following a visit to the troubled area few months ago, had answered a question in Ranchi suggesting that he was personally not in the favour of allowing any fresh mining and quarrying exercise in Saranda. However, the undercurrents indicate something else.

Steel giant cites low iron content in mines; move casts shadow on GIM-II

At a time when the State government is preparing for the second edition of Global Investors’ Meet (GIM), it has come to light that the world’s largest steel manufacturer ArcelorMittal has withdrawn its application seeking iron ore mining lease at Donimalai forest range in Bellary, citing inferior ore quality.

BHUBANESWAR: ArcellorMittal which has proposed to set up 12 million tonne steel plant in Keonjhar district is yet to submit the detailed project report (DPR) to the State Government because of delay in land acquisition. Steel and Mines Minister Raghunath Mohanty informed this to the members while replying to a question from Subarna Nayak (BJD) in the Assembly on Wednesday.

World’s largest steel producer ArcelorMittal has made some headway in India by getting possession of about 1,827 acres for the proposed 6 million tonne plant in Karnataka. The company said in its annual report for 2011 that it has completed all necessary steps to acquire the land in Karnataka and is expecting to get the remaining 972 acres by May for the . 30,000-crore project. “A draft feasibility report for the contemplated steel plant is currently being prepared, and hydrological and environmental impact assessment studies have been initiated,” it added.

If court puts a cap on iron ore mining in Karnataka, it will be a severe blow to steel industry's expansion plans

The Central Empowered Committee’s (CEC) final report on illegal mining in Karnataka submitted to the Supreme Court recently has sent shockwaves through the iron ore mining and steel industry in the state. Some of the recommendations of the CEC, if accepted by the Supreme Court, will curb illegal mining and that is a laudable goal. However, in doing so, it may also deliver a hammer blow to the state’s expanding steel industry.

State questions the ‘bald and somewhat unsubstantiated’ threshold limit set by the court. Karnataka is contesting the recommendations of two panels that have submitted reports to the Supreme Court calling for annual iron ore production in the southern state to be capped at 30 million tonnes, on the ground that investments of . 1,40,000 crore or close to $30 billion in new steel plants would be in jeopardy.