Active Stocks
Sat Mar 02 2024 12:29:56
  1. Tata Steel share price
  2. 155.30 3.53%
  1. HDFC Bank share price
  2. 1,430.50 -0.05%
  1. State Bank Of India share price
  2. 773.40 0.53%
  1. ICICI Bank share price
  2. 1,084.60 -0.21%
  1. Axis Bank share price
  2. 1,095.00 -0.40%
Business News/ Companies / News/  Jindal Steel's $2 billion South African iron-ore mine faces environmental hurdle
BackBack

Jindal Steel's $2 billion South African iron-ore mine faces environmental hurdle

Jindal Steel will appeal the decision, Parshant Kumar Goyal, the general manager for mines and business development at Jindal Africa, said

The application was refused because of 'extensive gaps in the environmental impact assessment) in the context of constitutional rights', Bloomberg reportedPremium
The application was refused because of 'extensive gaps in the environmental impact assessment) in the context of constitutional rights', Bloomberg reported

Jindal Steel & Power Ltd. has had an environmental application to develop an iron-ore mine in South Africa at a cost of as much as $2 billion rejected.

The company will appeal the decision, Parshant Kumar Goyal, the general manager for mines and business development at Jindal Africa, said when called by Bloomberg.

Also Read | Bengaluru: Residents protest against proposed 10-story High Court annex in Cubbon Park

The application was refused because of “extensive gaps in the environmental impact assessment) in the context of constitutional rights," All Rise, an environmental legal organization, said in a statement on Monday.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 12 Feb 2024, 05:53 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie