| According to sources, the state government may also offer Ankua mines in West Singhbhum district to the Mittal Group till such time the Chiria mines dispute is settled and the verdict of the Jharkhand High Court hearing the legal dispute emerged. |
| Though the company had not yet finalised the location of its proposed steel project, the company was reportedly examining three short-listed sites. Sources said the company is waiting for the announcement of the state's resettlement and rehabilitation (R&R) policy. |
| Sources said the global steel group had sought nearly 7,000 acre of land for setting up the integrated steel plant and township. Recently, a three-member team of Arcelor-Mittal, led by its Managing Director (iron ore division) MP Singh, met the deputy chief minister and in-charge of industries department, Sudhir Mahto. |
| According to Mahto, company officials told him it would start working on the project once thestate government declared its resettlement and rehabilitation (R&R)policy. |
| Arcellor-Mittal had signed an MoU with theJharkhand government in October, 2005, promising investment of Rs40,000 crore for its Greenfield steel project in Jharkhand. |
| Industrysources here warned that further investment decision in Jharkhand waslikely to be held up till the R&R policy of the state government wasannounced by the state and found acceptable by investors and landlosers. |
| However, any project would also depend on the availability of land, raw materials and infrastructure. |
| The Jharkhand High Court washearing the writ petition of the state government against the order ofthe national tribunal orders on retaining four of the ten leases ofthe Chiria and Gua mines enjoyed by the Bengal-based Indian Iron &Steel Company, now merged with SAIL. |
| The mineral policy of the Centrewould also impact future projects, they warned. |
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