Sept7,2011
MUMBAI (Reuters) - A consortium of Indian steel and mining firms led by the Steel Authority of India Limited (SAIL) has bid for four blocks of mines in Afghanistan, SAIL said in a statement on Tuesday, proposing to set up a steel plant in the country.
The Hajigak mines, which are estimated to have a reserve of 1.8 billion tonnes of magnetite with 62-63 percent iron content, have attracted five other bids targeting various numbers of blocks, the statement said.
The announcement of preferred and reserved bidders is expected around Oct. 4, the statement added.
(sourced Reuters)
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