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Analysts estimate close to 10 million tonne of iron ore was lying idle at these mines after the ban which was imposed a couple of years ago.
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Opposition Congress and BJP on Thursday slammed the Orissa government for its "faulty industrial policy" which had led to the withdrawal by ArcelorMittal from a mega project in the state.
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The Orissa government is likely to lease 1253 hectares of forest land to South Korean steel giant Posco's proposed special economic zone (SEZ) by the end of December this year.
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With allegations of illegal sub-lease of mines to private parties by lease holders pouring in, Orissa Government has launched an operation to detect such "frauds", official sources said.
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Orissa Government today asked a delegation of Posco-India to inform the company's views on the controversial swapping of iron ore clause in the previous MoU, official sources said.
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Ahead of the renewal of its MoU with the Orissa government for the 12-MTPA greenfield steel plant in Orissa, Posco-India has sought certain modifications.
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Orissa government is optimistic about resolving problems in the way of a fresh memorandum of understanding (MoU) with Posco-India.
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With several deadlines missed for the renewal of the MoU with Posco-India Ltd for setting up a mega steel plant in Paradip mainly due to the controversial iron ore export clause, the Orissa government today expressed confidence the revised version would be inked by July end.
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After work for construction of the boundary walls and rehabilitation colonies for the Posco project was stalled for the last six days, the Orissa government today accepted the demands of the agitators paving the way for resumption of work.
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The country's largest hydro power producer NHPC will soon finalise a joint venture with the Orissa government for setting up three hydel projects having a total capacity of 300 MW in the state.
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Rejecting the Centre's proposal to slash tax on diesel and LPG in order to reduce burden on the people, Orissa Government today said the UPA government had no right to make such suggestions.
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The Orissa government is unlikely to meet the June-end deadline to renew the MoU with South Korean steel major Posco, official sources said today.
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Local people are protesting against the planned construction of a USD 12 billion steel mill by South Korea's POSCO in Orisssa.
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A day after the Orissa government sought a report on the alleged "misuse" of children in anti-Posco agitation, authorities in Jagatsinghpur district today said kids were motivated to join the stir by their parents and Posco Pratirodh Sangram Samiti (PPSS).
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The Orissa government has stopped acquiring land for POSCO's proposed USD 12 billion steel plant after local protests, a government official said on Tuesday, further delaying what is the single largest foreign direct investment into the country.
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Exactly six years after Korean steel giant POSCO signed an MoU with the Orissa government for a Rs 52,000 crore, 12 million tonnes per annum project, the mega venture remains mired in uncertainty.
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With the Orissa government to resume land acquisition for Posco's mega steel project in Jagatsinghpur district, a host of civil rights activists and politicians planned to join protesters at the site from June 18.
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The Orissa government will resume acquiring land for Posco's mega steel plant in Jagatsinghpur district from June 17 after a five day break, even as agitators plan to oppose it.
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Put in a fix over controversial iron ore swapping clause in the lapsed MoU with Posco-India, Orissa government on Tuesday asked different departments to give their views within 15 days on possible deletion and addition of new points in the renewed MoU with the South Korean firm.
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After maintaining silence for over a week, disgruntled BJD leader Damodar Rout today raised the issue of "real power centre" in the ruling party as well as the government in Orissa.
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The Orissa government is likely to resume after nine months land acquisition work for Posco steel plant near Paradip from May 18, even as villagers supporting the project decided to stay away from the process, a senior official said.
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Though the Orissa government is set to resume land acquisition for Posco at villages near Paradip from May 18, people supporting the project refusing to co-operate unless their demands were met by May 15.
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Orissa government on Monday said it would take ''appropriate action'' on Posco project after receiving the order of Union Ministry of Environment and Forest (MoEF) which accorded final approval for forest land diversion for the proposed mage steel unit.
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The final clearance would come only after the submission of the assurance report, and the Odisha government has already done that. However, Posco hasn't won the battle yet.
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According to the latest updates, the corporation has ruled out the filing contempt of the court against the Ministry of Environment and Forests (MoEF), reports CNBC-TV18 quoting sources.
