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Jindal Steel Negotiating with Liberia for Iron Ore Mine
Jul. 02, 2013 03:17PM PST
Base Metals Investing Energy Business Review reported that India-based steelmaker Jindal Steel & Power (JSPL) (BOM:532286) is reportedly in negotiations with the Liberian government to acquire an iron ore mine in the country as part of its overseas expansion.
Energy Business Review reported that India-based steelmaker Jindal Steel & Power (JSPL) (BOM:532286) is reportedly in negotiations with the Liberian government to acquire an iron ore mine in the country as part of its overseas expansion.
As quoted in the market news:
The company is planning to buy the Wologizi mine in the West African country, with a decision is expected by the end of September 2013, reported Bloomberg citing undisclosed sources.
The proposed deal is estimated to be as much as $2bn.
Click here for the full news report in Energy Business Review