Indian Consortium Poised to Mine Afghanistan

AFISCO, a public-private Indian consortium, will soon begin mining the Hajigak iron deposit, reports Steel Guru via Malaysia Sun.

As quoted in the market news:

The mine, situated in Hajigak, Bamyan Province, Afghanistan will be 16% owned by the Indian family which started the company. AFISC won the mining concession from Hamid Karzai’s government in 2011 after being told it contained deposits worth roughly USD 1 trillion.

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