Published On:April 13 2012
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SAIL -led consortium bidding for Afghan copper, gold reserves
SAIL-led consortium was selected by Afghanistan government to develop its rich Hajigak mines, another consortium led by the PSU is bidding for copper and gold reserves in the mineral-rich country.
After execution of the contract [Hajigak], the consortium would move ahead with exploration & geological studies... SAIL-led another consortium is also bidding for copper and gold reserves in Afghanistan.
The SAIL led consortium and Afghanistan government are likely to ink a final pact in May to develop Hajigak iron ore mines and set up steel and power plants there.
The consortium that also includes state-owned NMDC and RINL and private sector steel players JSW, JSW Ispat, JSPL, and Monnet Steel and Power has already won the mining rights for three blocks at Hajigak in November 2011, that are said to contain 1.28 billion tonnes of rich reserves.
The final agreement will entitle SAIL-led consortium Afisco (Afghan Iron and Steel Consortium) to explore, develop and exploit the Hajigak deposits.