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ILVA files request to lift Taranto smelting area shutdown
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Thursday, 22 Nov 2012
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ANSA reported that lawyers for the troubled steel company ILVA filed a plea in the Taranto courthouse on November 20th 2012 asking to lift a court ordered partial shutdown, which has been in place since July 2012.

The Taranto court impounded the smelting areas of ILVA's Taranto steel plant to safeguard people and the environment as legal proceedings continued against the company and its managers for generating toxic emissions that caused disease and death.

ILVA's request follows the Italian environment minister's approval of the company's new remediation plan, a detailed set of conditions and measures under which ILVA would be permitted to operate, called the AIA.

Sources told ANSA that ILVA's lawyers argue the company needs control of the impounded areas in order to execute the approved AIA remediation plan. Their request says it is impossible to perform the necessary work on the smelting areas without access to them, and that banks will not finance a company with impounded assets.

Source - ANSA

(www.steelguru.com)

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