Mining Weekly.com reports that Indian Jindal Iron & Steel intends to invest $280m in 2011 in order to start work on a project in Bolivia.

The editorial is quoted as saying:

The investment plan establishes an investment of $280 million in the first year (2011),” he told Reuters, adding that the plan also envisioned the first shipment of 1 million tonnes of iron ore from the site near the Brazilian border

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