CAPITAL MARKETS

Indian iron ore plans steam ahead

PLANS to launch a giant iron ore mining and steel-making venture in the Indian state of Orissa are reported to be close to receiving formal government approval.

Tim Treadgold
Indian iron ore plans steam ahead

The $US12 billion plan by the Korean steel company, Posco, with BHP Billiton as a mining partner, had been delayed by government uncertainty over whether it would approve the export of locally-mined iron...

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