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SAIL-led consortium bids for Afghan iron mines

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.

September 06, 2011 / 20:43 IST
     
     
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    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% 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.

    first published: Sep 6, 2011 08:35 pm

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