Indian consortium may bid for Afghan mining blocks

[sivadreams]

Indian consortium may bid for Afghan mining blocks

MUMBAI: State-run Steel Authority of India Ltd and government-controlled Hindustan Copper Ltd are in talks with India’s Aditya Birla Group and Jindal Steel and Power Ltd to form a consortium to bid for gold and copper deposits in Afghanistan, the Mint newspaper reported.

Afghanistan has invited expressions of interest by March 9 for gold and copper deposits in four provinces.

The consortium partners will be finalised soon, the paper quoted Hindustan Copper Chairman Shakeel Ahmed as saying.

Jindal Steel and Power is also interested in investing in other projects in Afghanistan, Chief Executive V. R. Sharma told the newspaper.

SAIL and Jindal Steel and Power were part of a consortium that won three iron ore blocks in Afghanistan’s Hajigak province in November.

India and China, two of the world’s fastest growing major economies, are vying with each other for access to Afghanistan’s oil and mineral reserves.

The companies could not be reached immediately for comment.

 

[Abhishek_]

good deal. more development for IND-AFG

 

[Shaurya]

good deal, they will be cheaper to operate than other countries given they are going through troubled times...

 

[KRAIT]

Game on...again...

 

[angeldemon_007]

These are some pretty big names, just as the iron ore deal i doubt anybody can beat this consortium if its formed.

 

[Raje amar]

why is Tata steel missing from that list?
indian companies should try to gain as much access to Afgan minaral deposita as possible.
Double the efforts, so that no other can match your proposal,

ON THE OTHER HAND WHY CANT WE HAVE SAME COLABERATION BETWEEN OIL COMPS,
wE have got prety big names in that too, Reliance, ONGC,
if put combined efforts no one can stop them gaining access to Oil ores of Afgan,