Monday, 10 October 2011
India-based steelmaker Jindal Steel & Power Ltd. faces threats from the Bolivian government to end its contract with the company, according the media reports. The Bolivian Ministry of Energy has suggested that Jindal Steel deceived Bolivia, failing to meet its commitments regarding iron ore mine investment.
As SteelOrbis previously reported, Jindal Steel and the Bolivian government signed a $2.1 billion investment contract in 2007 to mine and smelt 40 billion mt of iron at Mutun on Bolivia's border with Brazil.
Tags: iron ore , raw mat , Bolivia , India , Indian Subcon , South America , Jindal , investments , South Asia
(sourced steelorbis)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment