JINDAL DENIES BOLIVIA GOVERNMENT CLAIMS OVER INVESTMENT SHORTFALLS
October 1st, 2010
BY RAGHAVENDRA VERMA
INDIA'S Jindal Steel and Power has refuted allegations made by the Bolivian government that the company has failed to meet it investment commitments made in 2007 while winning the development rights for the Latin American country's 20 billion tonne El Mutún iron ore mine. "There is no breach of the contract from our side", Sushil Maroo, Jindal Steel director and group CFO told Metal Bulletin in a conference call with journalists today (Tuesday), "we have already made lot of investments and we are going ahead as per the ...
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