Jindal Steel’s $2 billion South African iron-ore mine faces environmental hurdle
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.
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.
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Published: 12 Feb 2024, 05:53 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.