From Africanglobe (hat tip: Jamara Newell): "Jindal Steel & Power Ltd. is considering entering into an
iron-ore plant acquisition deal of up to $2 billion in West Africa, in
order to fuel operations in India and Oman. The company hopes the
acquisition will secure 1 billion metric tonnes of iron-ore, needed to
increase production at Jindal’s factories located in Asia and the Middle
East; where mining regulations have led to a pinch in materials
available to fuel industrial operations."
More: "[Executive Director Manish] Kharbanda disclosed that the
company has explored options for acquisition in Gabon, Ghana, Liberia,
Mauritania, Sierra Leone and Sudan; and has its eye set on a mining
operation in West Africa although the Executive Director did not reveal
the precise vendor of the mine. Jindal already has experience of
mining operations on the African continent; as such the company is
well-placed to expand its presence in Africa. Currently, Jindal has
operations in Mozambique and South Africa, and has purchased Canadian
CIC Energy Corp, which is opening a coal facility in Botswana."
Indian Firm To Invest $2 Billion In West African Iron-Ore Project
