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Article

20 Feb 2008

Author:
Maitreyee Handique, Livemint [India]

ArcelorMittal plans $250 million spend to resettle Orissa villagers

Out of its pledged investment of $12 billion, ArcelorMittal will spend an estimated $250 million to resettle Orissa villagers who will be displaced by its planned steel mill… Remi Boyer, vice-president of corporate social responsibility, said the ArcelorMittal Foundation will further “intervene and better” what the state government’s resettlement and rehabilitation policy asked it to pay. Observers say that growing difficulties in acquiring land have forced companies to more strongly demonstrate tangible objectives for community development. In Orissa, more than a dozen villages, encompassing 7,000 acres, will be affected by the planned mill in Keonjhar district. [also refers to Posco]