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New Mining Law Delays Huge Iron Ore Mine in Afghanistan
Dec. 16, 2013 10:15AM PST
Base Metals Investing A large iron ore project in Afghanistan has been delayed due to a new mining law designed to support private investments and protect the interests of foreign investments, according to Business Standard, via Steel Times International.
A large iron ore project in Afghanistan has been delayed due to a new mining law designed to support private investments and protect the interests of foreign investments, according to Business Standard, via Steel Times International.
The plan to mine the Hajigak region 100 km west of Kabul is being proposed by a consortium led by Steel Authority of India (SAIL).
As quoted in the market news:
The aforementioned new mining law has yet to be passed by the Afghanistan government. Should it go ahead, the US$11 billion project will represent the largest of its kind in the war-ravaged country and will include a 6Mt steel plant at Hajigak as well as roads and railways to link with potential markets.