Afghanistan Gets India, Iran, Canada Bids for Iron Ore

Sep. 06, 2011 10:13AM PST

Bloomberg reports an Indian government-backed group, two Iranian contenders and Kilo Goldmines Ltd. (CVE:KGL) bid to mine in Afghanistan.

Bloomberg reports an Indian government-backed group, two Iranian contenders and Kilo Goldmines Ltd. (TSXV:KGL) bid to mine in Afghanistan.

The market news is quoted as saying,

Afghanistan’s mines ministry opened the bids today for the estimated 1.8 billion tons of iron ore buried in rocky, treeless ridges at Hajigak, 100 kilometers (60 miles) west of Kabul. The tender is the biggest on offer in a country that the U.S. government estimated last year holds $1 trillion in untapped minerals.

For the complete market news, click here.

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