INDIAN CONSORTIUM WINS AFGHAN IRON ORE RIGHTS – BUT EXPERTS CAUTION FAST PROGRESS IS UNLIKELY
November 1st, 2011
BY RAGHAVENDRA VERMA
AN INDIAN consortium led by Steel Authority India Ltd (SAIL) has won a bid for mining rights to exploit major iron ore deposits in Afghanistan, but experts in India caution that exploitation and processing progress could be slow and risky. The Afghan Ministry of Mines announced on Monday that the AFISCO (Afghan Iron & Steel Consortium) has been awarded Blocks B, C, and D in the Hajigak concessions that are estimated to hold 1.8 billion tonnes of iron ore with a concentration of approximately 64% Fe. As well as setting up operations in ...
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