Mittal mountain? Steel baron bids to buy mountain
August 03, 2014  21:35
Indian steel tycoon Lakshmi Mittal has bid for an iconic mountain range in Britain, sparking protests from local people who believe the move could make the area a playground for the super-rich. The 2,850ft-high Blencathra mountain, which towers above the Northern Fells in the picturesque Lake District region of Cumbria, was put on the market by Earl of Lonsdale Hugh Lowther in May, with an 1.75 million pounds asking price. Funds from the sale of the 2,676-acre plot will go towards paying off the reported 9 million tax he owes from his father's inheritance, who died eight years ago. Concerned that the announcement of the sale would see the mountain become a playground for the super-rich, 'the Friends of Blencathra' local residents group put in a bid for the mountain, and applied to Eden District Council to make the area a community asset to secure it from private hands.
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