Steel Authority Of India, Mongolia Sign Pact For Mining, Steel Plant
NEW DELHI – State-run Steel Authority of India Ltd. (500113.BY) Friday signed an initial agreement with the government of Mongolia to explore the possibilities for setting up a steel plant and mining iron ore and coking coal in the landlocked Central Asian country.
The Mongolian ministry of mines will provide information on iron-ore and coal deposits in Mongolia to the company and will offer options of locations and size for the steel-making facility, a Steel Authority statement said.
Copyright © 2012 Dow Jones Newswires
The Mongolian ministry of mines will provide information on iron-ore and coal deposits in Mongolia to the company and will offer options of locations and size for the steel-making facility, a Steel Authority statement said.
Copyright © 2012 Dow Jones Newswires
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