INDIA’S HINDUJAS SEEKS SUITOR AS IT WAITS FOR ANTICIPATED GOVERNMENT MINING LIBERALISATION REFORMS
May 1st, 2012
BY RAGHAVENDRA VERMA, IN NEW DELHI
India's industrial conglomerate Hindujas Group, which mines coal, iron ore, manganese, uranium and limestone in India, is seeking a strategic investor for its Indian mining business to exploit potential major opportunities once the government in New Delhi implements plans to reduce mine authorisation red tape.
A company spokesman confirmed to Metal Bulletin that Hindujas was seeking a suitor, adding: "The mining industry is literally at a stand still awaiting definite government policies and directions."
He ...
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