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)
Showing posts with label Aghanistan. Show all posts
Showing posts with label Aghanistan. Show all posts
Wednesday, September 7, 2011
Thursday, January 20, 2011
Indian steel makers in race for Afghan mines
Thursday, 20 Jan 2011
PTI reported that leading private and state run steel firms including TATAs, Essar and SAIL are among the 14 Indian companies that have evinced interest in developing the Hajigak mines, containing an estimated 1.8 billion tonnes of iron ore, in Afghanistan.
The war torn country had invited an Expression of Interest to develop the mine, which it said is a part of its huge proven reserves worth an estimated USD 3 trillion.
Mr S Vijay Kumar mines secretary told PTI that "Fourteen Indian companies including TATA Steel, SAIL, Essar, NMDC and RINL have responded to the EoI floated by the Afghan government to develop its Hajigak mines.”
He said “These companies may bid for the assets up for offer in consortia or may go it alone in the upcoming auction. They will take a call in this regard after the Afghan government announces the modalities for the bidding round.”
Afghanistan had invited EoIs for multiple exploration concessions falling within the Hajigak mines. The last date for submission of EOIs was January 13. The Afghan government had said the selected bidder will be granted the concessions under Afghan Mineral Law.
Sourced from www.deccanherald.com and PTI
PTI reported that leading private and state run steel firms including TATAs, Essar and SAIL are among the 14 Indian companies that have evinced interest in developing the Hajigak mines, containing an estimated 1.8 billion tonnes of iron ore, in Afghanistan.
The war torn country had invited an Expression of Interest to develop the mine, which it said is a part of its huge proven reserves worth an estimated USD 3 trillion.
Mr S Vijay Kumar mines secretary told PTI that "Fourteen Indian companies including TATA Steel, SAIL, Essar, NMDC and RINL have responded to the EoI floated by the Afghan government to develop its Hajigak mines.”
He said “These companies may bid for the assets up for offer in consortia or may go it alone in the upcoming auction. They will take a call in this regard after the Afghan government announces the modalities for the bidding round.”
Afghanistan had invited EoIs for multiple exploration concessions falling within the Hajigak mines. The last date for submission of EOIs was January 13. The Afghan government had said the selected bidder will be granted the concessions under Afghan Mineral Law.
Sourced from www.deccanherald.com and PTI
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