Thursday, 03 Feb 2011
ToI reported that POSCO will have to seek forest and environment clearances for its mining operations once the mines are finally allocated to the Korean steel giant.
The Orissa government had allocated the Khandadhar ore reserves in Sundergarh district to POSCO but another company laid claim to the ore and took the state government to court. The high court stayed the handover and POSCO then moved the Supreme Court in the matter. The case is still pending a decision in the apex court.
But even if the apex court does decide in POSCO's favor, the company will have to come back to the environment ministry to seek clearance under the Environment Protection Act and forest clearance under the Forest Conservation Act. (sourced:The Times of India)
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