Afghan President Hamid Karzai and his Cabinet have
awarded iron-ore mining rights to an Indian government-backed alliance and to
Canada's Kilo Goldmines Ltd. (KGL), a Mines Ministry official said.
Karzai and the Cabinet awarded three of four blocks at
Hajigak, Afghanistan's biggest iron deposit, to a group of seven Indian steel
and mining companies, led by state-owned Steel Authority of India Ltd.
(SAIL) and NMDC Ltd. (NMDC), said Mines Ministry policy director
Abdul Jalil Jumriany.
The group also includes state-owned Rashtriya Ispat
Nigam Ltd., and private-sector companies JSW Steel Ltd. (JSTL), Jindal
Steel & Power Ltd. (JSP), Monnet Ispat Ltd. (MISP) and JSW
Ispat Steel Ltd.
The government awarded the fourth block at Hajigak to Canada's Kilo
Goldmines Ltd., Jumriany said in a phone interview in Kabul. Unsuccessful
bidders included India's Corporate Ispat Alloys Ltd. and Iran's Gol-e-Gohar
Iron Ore Co. and Behin Sanate Diba Co.
Source: Bloomberg
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