Steel giant resettles villagers

ArcelorMittal is to spend $250million (£126m) on resettling residents from more than a dozen villages in the Keonjhar district of Orissa, India, who will be displaced by its new steel mill.

Remi Boyer, the company’s CSR vice-president, said the ArcelorMittal Foundation will ‘intervene and better’ what the Orissa state government’s resettlement and rehabilitation policy requires. At present companies are facing greater difficulty in acquiring land for development, and as a result are having to offer tangible benefits to convince communities and the authorities.

ArcelorMittal is investing a total of $12billion in the project, which will cover 7000 acres (2833 hectares).