Why green nod to Odisha project may not be end of Posco's troubles
It marked the end of an eight-year long wait; but it could well mean the beginning of another long and indefinite wait. Now that it has received the green nod from the Union Ministry of Environment and Forests, the Korean steel major may also get the National Green Tribunal to revoke the embargo it had imposed in May last year on felling of trees on the land acquired for the project at its next hearing on Monday. Most importantly, within 24 hours of MoEF clearance, the Odisha government on Friday cleared the long pending proposal to give it prospecting licence for the iron ore ‘jackpot’ in Khandadhar mines in Sundargarh district. For one thing, the Odisha government’s clearance of the proposal to grant PL to Posco for iron ore mining in Khandadhar, which has estimated reserves of over 160 million tons, does not really amount to much in the backdrop of what happened to Vedanta’s proposal to mine bauxite in the Niyamgiri hills. That is why, in granting environmental clearance to the steel plant project, it has asked Posco to make ’long term’ arrangements with Odisha Mining Corporation or private miners for sourcing raw material to run its steel plant.
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