15th Feb 2012
World Bank arm finances polluting steel mill in Jharkhand
As the train slowly approaches Jamshedpur town in Jharkhand, the sky begins to turn reddish. It is because of the thick red dust emanating from an industrial unit, surrounded by heaps of industrial solid waste comprising unburnt coal char and flyash. The unit is a medium-scale iron and steel mill belonging to conglomerate Usha Martin.
Spread over 120 hectares, the mill became operational in Adityapur, a suburb of Jamshedpur, in 1974. It includes two mini blast furnaces, three coal-based sponge iron kilns of capacity 350-tonne-per-day and a steel-making unit with three electric arc furnaces. While sighting polluting sponge iron units in the eastern part of India is common, what is intriguing about the Usha Martin mill is that it received funding from the private sector development arm of the World Bank, the International Finance Corporation (IFC).........
For details visit:
http://www.minesandcommunities.org/article.php?a=11471&l=1
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