Steel ministry wants powers to grant ore mining lease to speed up projects

摘要

THE steel ministry has sought powers to grant iron ore m ining lease to companies in a bid to fast-track steel projects, including those of steel giants POSCO and Arcelor Mittal. stuck for "want of assured long-term raw material supplies, and attract foreign investment. Steel secretary Atul Chaturvedi has written to cabinet secreta ry K M Chandrasekhar, urging the government immediately amend laws to enable the steel ministry to allocate mineral concessions foriron ore, chrome ore and manganese ore, primarily used by the steel sector.