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India Halts $12 Billion Steel Plant - 27 Jun 2011
India Halts $12 Billion Steel Plant - 27 Jun 2011
INDIA-POSCO/
RTR2O118
June 24, 2011
A woman empties a bucket while standing next to a cow after washing cooking utensils at a transit camp...
multiple cities, India
To match Feature INDIA-POSCO/
A woman empties a bucket while standing next to a cow after washing cooking utensils at a transit camp for villagers who have been displaced in Jagatsinghpur district, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O11A
June 24, 2011
A farmer arranges betel leaves in a basket in Gobindpur village, about 75 km (46 miles) east of Orissa's...
JAGATSINGHPUR, India
To match Feature INDIA-POSCO/
A farmer arranges betel leaves in a basket in Gobindpur village, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Gobindpur is one of several villages from which people will have to be relocated for the plant. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O11E
June 24, 2011
Farmers sort and arrange betel leaves on the doorstep of a house in Gobindpur village, about 75 km (46...
JAGATSINGHPUR, India
To match Feature INDIA-POSCO/
Farmers sort and arrange betel leaves on the doorstep of a house in Gobindpur village, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Gobindpur is one of several villages from which people will have to be relocated for the plant. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O11D
June 24, 2011
A boy carries his baby brother in his arms at the entrance to their house in Gobindpur village, about...
JAGATSINGHPUR, India
To match Feature INDIA-POSCO/
A boy carries his baby brother in his arms at the entrance to their house in Gobindpur village, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Gobindpur is one of several villages from which people will have to be relocated for the plant. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O11C
June 24, 2011
Children play a game of hopskotch on a grid drawn into the dirt in Gobindpur village, about 75 km (46...
JAGATSINGHPUR, India
To match Feature INDIA-POSCO/
Children play a game of hopskotch on a grid drawn into the dirt in Gobindpur village, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Gobindpur is one of several villages from which people will have to be relocated for the plant. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O11B
June 24, 2011
Children gather at the entrance of their thatched hut in Gobindpur village, about 75 km (46 miles) east...
JAGATSINGHPUR, India
To match Feature INDIA-POSCO/
Children gather at the entrance of their thatched hut in Gobindpur village, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Gobindpur is one of several villages from which people will have to be relocated for the plant. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O119
June 24, 2011
Villagers sit at the entrance to a house in Gobindpur village, about 75 km (46 miles) east of Orissa's...
JAGATSINGHPUR, India
To match Feature INDIA-POSCO/
Villagers sit at the entrance to a house in Gobindpur village, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Gobindpur is one of several villages from which people will have to be relocated for the plant. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O117
June 24, 2011
A woman sits on the ground at a transit camp for villagers who have been displaced in Jagatsinghpur district,...
JAGATSINGHPUR, India
To match Feature INDIA-POSCO/
A woman sits on the ground at a transit camp for villagers who have been displaced in Jagatsinghpur district, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O116
June 24, 2011
A man is seen silhouetted through fabric as he constructs a temporary shelter at a transit camp for villagers...
JAGATSINGHPUR, India
To match Feature INDIA-POSCO/
A man is seen silhouetted through fabric as he constructs a temporary shelter at a transit camp for villagers who have been displaced in Jagatsinghpur district, about 75 km (46 miles) east of Orissa's state capital Bhubaneswar, June 22, 2011. Local protests have forced the poor eastern state of Orissa to halt acquiring land for a proposed $12 billion steel plant to be built by South Korea's POSCO, further delaying the biggest foreign direct investment in Asia's third largest economy. Farmers accuse the Orissa state government of being in cahoots with big business to trick them out of land their families have held for generations. Picture taken June 22, 2011. To match Feature INDIA-POSCO/ REUTERS/Vivek Prakash (INDIA - Tags: POLITICS CIVIL UNREST BUSINESS SOCIETY)
INDIA-POSCO/
RTR2O1DA
June 24, 2011
Supporters of Communist Party of India (CPI) hold placards during a protest in New Delhi June 24, 2011...
New Delhi, India
Supporters of CPI hold placards during a protest in New Delhi
Supporters of Communist Party of India (CPI) hold placards during a protest in New Delhi June 24, 2011 against the planned construction of a $12 billion steel mill by South Korea's POSCO in the eastern Orissa state. REUTERS/Adnan Abidi (INDIA - Tags: CIVIL UNREST POLITICS BUSINESS)
INDIA-POSCO
RTR2O1A5
June 24, 2011
A supporter of Communist Party of India (CPI) holds a placard during a protest in the southern Indian...
Hyderabad, India
A supporter of Communist Party of India holds a placard during a protest in the southern Indian city...
A supporter of Communist Party of India (CPI) holds a placard during a protest in the southern Indian city of Hyderabad June 24, 2011 against the planned construction of a $12 billion steel mill by South Korea's POSCO in the eastern Orissa state. REUTERS/Krishnendu Halder (INDIA - Tags: POLITICS BUSINESS)
INDIA-POSCO
RTR2O17V
June 24, 2011
Supporters of Communist Party of India (CPI) talk as they attend a protest, in the southern Indian city...
Hyderabad, India
Activists from CPI talk as they attend a protest in the southern Indian city of Hyderabad
Supporters of Communist Party of India (CPI) talk as they attend a protest, in the southern Indian city of Hyderabad June 24, 2011 against the planned construction of a $12 billion steel mill by South Korea's POSCO in the eastern Orissa state. REUTERS/Krishnendu Halder (INDIA - Tags: POLITICS BUSINESS CIVIL UNREST)
INDIA
RTR2NVMP
June 20, 2011
An activist from the Socialist Unity Centre of India (SUCI) burns an effigy of Orissa Chief Minister...
Kolkata, India
An activist from SUCI burns effigy of Orissa Chief Minister Naveen Patnaik as others shout slogans during...
An activist from the Socialist Unity Centre of India (SUCI) burns an effigy of Orissa Chief Minister Naveen Patnaik as others shout slogans during a protest in Kolkata June 20, 2011. Dozens of the activists on Monday held a protest against India's environment ministry's approval of South Korean POSCO's plans to build a steel plant in Orissa, protesters said. REUTERS/Rupak De Chowdhuri (INDIA - Tags: CIVIL UNREST POLITICS BUSINESS)
INDIA POSCO VILLAGE
RTR1F3YQ
July 02, 2006
Hara Sutara poses during an interview in Dhinkia village, about 140 km (85 miles) east from the eastern...
DHINKIA, India
Hara Sutara poses during an interview in Dhinkia village
Hara Sutara poses during an interview in Dhinkia village, about 140 km (85 miles) east from the eastern Indian city of Bhubaneswar June 30, 2006. About 200 villagers of Dhinkia in Orissa state have been shunned for welcoming India's largest foreign direct investment, a proposed $12 billion steel plant by South Korean steel giant POSCO. Picture taken June 30, 2006. REUTERS/Sanjib Mukherjee (INDIA)
KOREA/
RTR2J2RG
February 25, 2011
Chung Joon-yang, Chief Executive and Chairman of POSCO, attends general meeting of stock holders of the...
Seoul, South Korea
Chung Joon-yang, Chief Executive and Chairman of POSCO, attends general meeting of stock holders of the...
Chung Joon-yang, Chief Executive and Chairman of POSCO, attends general meeting of stock holders of the world's No.3 steelmaker in Seoul February 25, 2011. REUTERS/Lee Jae-Won (SOUTH KOREA)v - Tags: BUSINESS HEADSHOT)
INDIA-EVIRONMENT/
RTXTTCK
October 25, 2010
Employees of steelmaker POSCO talk behind the company's logos at the company's headquarters in Seoul...
Seoul, South Korea
Employees of POSCO talk behind the company's logos at the company's headquarters in Seoul
Employees of steelmaker POSCO talk behind the company's logos at the company's headquarters in Seoul October 25, 2010. India's increasingly assertive green policy may have put on hold several multi-billion dollar mega-projects, as conserving forests and rivers trumps polluting factories, but investors have little reason to worry. Shedding the image of a dead letter office, the environment ministry has scrapped or halted hundreds of projects, including those of UK-based Vedanta and South Korea's POSCO, signalling a course correction that is not necessarily investor-unfriendly. REUTERS/Truth Leem (SOUTH KOREA - Tags: POLITICS BUSINESS)
INDIA-ENVIRONMENT/
RTXTTCH
October 25, 2010
A man walks past a logo of steelmaker POSCO at the company's headquarters in Seoul October 25, 2010....
Seoul, South Korea
A man walks past a logo of POSCO at the company's headquarters in Seoul
A man walks past a logo of steelmaker POSCO at the company's headquarters in Seoul October 25, 2010. India's increasingly assertive green policy may have put on hold several multi-billion dollar mega-projects, as conserving forests and rivers trumps polluting factories, but investors have little reason to worry. Shedding the image of a dead letter office, the environment ministry has scrapped or halted hundreds of projects, including those of UK-based Vedanta and South Korea's POSCO, signalling a course correction that is not necessarily investor-unfriendly. REUTERS/Truth Leem (SOUTH KOREA - Tags: BUSINESS)
MARKETS-KOREA-STOCKS/
RTXQ4AT
October 29, 2009
A foreign currency dealer of the Korea Exchange Bank walks past screens displaying the South Korean stock...
Seoul, South Korea
A foreign currency dealer of the Korea Exchange Bank walks past screens displaying the South Korean stock...
A foreign currency dealer of the Korea Exchange Bank walks past screens displaying the South Korean stock price index at the bank's headquarters in Seoul October 29, 2009. Seoul shares fell to near 2-month lows in a broad sell-off on Thursday, with steelmaker POSCO hit by sector leader ArcelorMittal's grim outlook, which fuelled concerns about a weakening economic recovery pace. REUTERS/Jo Yong-Hak (SOUTH KOREA BUSINESS)
POSCO-PRICE/
RTXDUH1
April 10, 2009
Flags flutter at steelmaker POSCO's headquarters in Seoul April 10, 2009. South Korea's POSCO, the world's...
Seoul, South Korea
Flags flutter at steelmaker POSCO's headquarters in Seoul
Flags flutter at steelmaker POSCO's headquarters in Seoul April 10, 2009. South Korea's POSCO, the world's No. 4 steelmaker, said on Friday it was seeking a 50 percent cut in contract iron ore prices for the year started on April 1. REUTERS/Lee Jae-Won (SOUTH KOREA BUSINESS ENERGY)
KOREA-IRAQ/
RTXC29A
February 25, 2009
An employee of POSCO, South Korea's largest steel maker, works at the company's headquarters in Pohang,...
Pohang, South Korea
An employee of POSCO, South Korea's largest steel maker, works at the company's headquarters in Pohang...
An employee of POSCO, South Korea's largest steel maker, works at the company's headquarters in Pohang, about 370 km (230 miles) south of Seoul, February 25, 2009, during the visit of the Prime Minister of Iraq's Kurdish regional administration Nechirvan Barzani. South Korea will provide Iraq with $3.55 billion worth of infrastructure in return for oil field stakes, the Energy Ministry said on Tuesday. REUTERS/Jo Yong-Hak (SOUTH KOREA)
KOREA-IRAQ/
RTXC284
February 25, 2009
Hot rolled steel coils are stacked at a production line at POSCO, South Korea's largest steel maker,...
Pohang, South Korea
Hot rolled steel coils are stacked at a production line at POSCO, South Korea's largest steel maker,...
Hot rolled steel coils are stacked at a production line at POSCO, South Korea's largest steel maker, in Pohang, about 370 km (230 miles) south of Seoul, February 25, 2009, during the visit of the Prime Minister of Iraq's Kurdish regional administration Nechirvan Barzani. South Korea will provide Iraq with $3.55 billion worth of infrastructure in return for oil field stakes, the Energy Ministry said on Tuesday. REUTERS/Jo Yong-Hak (SOUTH KOREA)
KOREA-IRAQ/
RTXC281
February 25, 2009
A logo of POSCO, South Korea's top steel maker, is seen at the company's information centre in Pohang,...
Pohang, South Korea
A logo of POSCO, South Korea's top steel maker, is seen at the company's information centre in Pohang...
A logo of POSCO, South Korea's top steel maker, is seen at the company's information centre in Pohang, about 370 km (230 miles) south of Seoul, February 25, 2009, during the visit of the Prime Minister of Iraq's Kurdish regional administration Nechirvan Barzani. South Korea will provide Iraq with $3.55 billion worth of infrastructure in return for oil field stakes, the Energy Ministry said on Tuesday. REUTERS/Jo Yong-Hak (SOUTH KOREA)
ENVIRONMENT-SUMMIT/KOREA-CARBON
RTX97PW
October 05, 2008
Workers walk past hot rolled steel coils at a production line at POSCO, South Korea's largest steel maker,...
Pohang, South Korea
To match feature ENVIRONMENT-SUMMIT/KOREA-CARBON
Workers walk past hot rolled steel coils at a production line at POSCO, South Korea's largest steel maker, in Pohang, about 370 km (230 miles) south of Seoul, in this July 20, 2006 file photo. Pohang's oldest furnace, with a 35-year history, helped POSCO grow into the world's No.4 steel giant. But it may soon become a thing of the past as POSCO, which alone produces around 10 percent of South Korea's total carbon dioxide, moves to new technology to cope with stricter carbon emission rules. To match feature ENVIRONMENT-SUMMIT/KOREA-CARBON REUTERS/Kim Kyung-Hoon/Files (SOUTH KOREA)
ENVIRONMENT-SUMMIT/KOREA-CARBON
RTX97PY
October 05, 2008
View of a POSCO steelworks in Gwangyang, about 390 km (242 miles) south of Seoul, is seen in this March...
GWANGYANG, South Korea
To match feature ENVIRONMENT-SUMMIT/KOREA-CARBON
View of a POSCO steelworks in Gwangyang, about 390 km (242 miles) south of Seoul, is seen in this March 16, 2007 file photo. Pohang's oldest furnace, with a 35-year history, helped POSCO grow into the world's No.4 steel giant. But it may soon become a thing of the past as POSCO, which alone produces around 10 percent of South Korea's total carbon dioxide, moves to new technology to cope with stricter carbon emission rules. To match feature ENVIRONMENT-SUMMIT/KOREA-CARBON REUTERS/Lee Jae-Won/Files (SOUTH KOREA)
ENVIRONMENT-SUMMIT/KOREA-CARBON
RTX97Q1
October 05, 2008
An employee washes the floor next to foundry crucibles at a POSCO factory in Pohang, about 370 km (230...
Pohang, South Korea
To match feature ENVIRONMENT-SUMMIT/KOREA-CARBON
An employee washes the floor next to foundry crucibles at a POSCO factory in Pohang, about 370 km (230 miles) south of Seoul, in this July 20, 2006 file photo. Pohang's oldest furnace, with a 35-year history, helped POSCO grow into the world's No.4 steel giant. But it may soon become a thing of the past as POSCO, which alone produces around 10 percent of South Korea's total carbon dioxide, moves to new technology to cope with stricter carbon emission rules. To match feature ENVIRONMENT-SUMMIT/KOREA-CARBON REUTERS/Kim Kyung-Hoon/Files (SOUTH KOREA)
INDIA-POSCO/
RTR1NN7G
March 19, 2007
Employees of POSCO India rest during a silent protest in front of a local administration office near...
JAGDALPUR, India
To match feature INDIA-POSCO/
Employees of POSCO India rest during a silent protest in front of a local administration office near Jagatsinghpur town, about 130 km (80 miles) east of the southeastern Indian city of Bhubaneswar, March 12, 2007. A tense-stand off with farmers unwilling to give up their land threatens India's largest-ever foreign investment project, a $12 billion steel plant planned by South Korea's POSCO. The employees are demanding that the steel plant be constructed in Jagatsinghpur town. Picture taken on March 12, 2007. To match feature INDIA-POSCO REUTERS/Parth Sanyal (INDIA)
INDIA-POSCO/
RTR1NN7I
March 19, 2007
Employees of POSCO India attend a silent protest in front of a local administration office demanding...
JAGDALPUR, India
To match feature INDIA-POSCO/
Employees of POSCO India attend a silent protest in front of a local administration office demanding to put-up the steel plant near Jagatsinghpur town, about 130 km (80 miles) east of the southeastern Indian city of Bhubaneswar March 12, 2007. A tense stand-off with farmers unwilling to give up their land threatens India's largest-ever foreign investment project, a $12 billion steel plant planned by South Korea's POSCO. Picture taken on March 12, 2007. To match feature INDIA-POSCO/ REUTERS/Parth Sanyal(INDIA)
POSCO-MITTAL/
RTR1NJ0F
March 16, 2007
A view of a South Korean POSCO steelworks in Kwangyang, about 390 km (242 miles) south of Seoul, March...
KWANGYANG, South Korea
A view of a South Korean POSCO steelworks in Kwangyang
A view of a South Korean POSCO steelworks in Kwangyang, about 390 km (242 miles) south of Seoul, March 16, 2007. POSCO, the world's third-largest steel maker, denied a newspaper report on Friday that a senior Arcelor Mittal executive expressed interest in POSCO's M&A strategy when he visited South Korea last month. REUTERS/Lee Jae-Won (SOUTH KOREA)
POSCO-MITTAL/
RTR1NJ06
March 16, 2007
A view of a South Korean POSCO steelworks in Kwangyang, about 390 km (242 miles) south of Seoul, March...
KWANGYANG, South Korea
A view of a South Korean POSCO steelworks in Kwangyang
A view of a South Korean POSCO steelworks in Kwangyang, about 390 km (242 miles) south of Seoul, March 16, 2007. POSCO, the world's third-largest steel maker, denied a newspaper report on Friday that a senior Arcelor Mittal executive expressed interest in POSCO's M&A strategy when he visited South Korea last month. REUTERS/Lee Jae-Won (SOUTH KOREA)
KOREA-POSCO/
RTR1LWCP
February 02, 2007
A woman walks past a sculpture of POSCO's logo at its headquarters in Seoul February 2, 2007. A senior...
Seoul, South Korea
A woman walks past a sculpture of POSCO's logo at its headquarters in Seoul
A woman walks past a sculpture of POSCO's logo at its headquarters in Seoul February 2, 2007. A senior official at Arcelor Mittal, the world's largest steel maker, met the chief executive of South Korea's POSCO, the world's No. 3 producer, but they did not discuss issues related to M&A, POSCO said on Friday. REUTERS/You Sung-Ho (SOUTH KOREA)
KOREA-POSCO/
RTR1LWCN
February 02, 2007
A man walks past a direction board of POSCO at its headquarters in Seoul February 2, 2007. A senior official...
Seoul, South Korea
A man walks past a direction board of POSCO in its headquarters in Seoul
A man walks past a direction board of POSCO at its headquarters in Seoul February 2, 2007. A senior official at Arcelor Mittal, the world's largest steel maker, met the chief executive of South Korea's POSCO, the world's No. 3 producer, but they did not discuss issues related to M&A, POSCO said on Friday. REUTERS/You Sung-Ho (SOUTH KOREA)
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