Tag: El Mutun

El Mutun
Wednesday, July 18th 2012 - 07:34 UTC

Indian company scraps largest iron-steel development plan in Bolivia history

Jindal Steel alleges Bolivia did not guarantee the necessary supply of gas and had a “non friendly business attitude”

India's Jindal Steel and Power scrapped plans Tuesday to invest 2.1 billion dollars in a Bolivian mining project and blamed the country’s “non-friendly business attitude” for the deal's collapse.

Wednesday, May 9th 2012 - 19:14 UTC

India’s ambitious project to mine 20bn tons of iron ore in Bolivia at risk

It was to be the largest foreign investment plan in President Evo Morales’ term

India’s Jinda Steel & Power's ambitious Bolivian project to mine 20 billion tons of iron ore is at risk after the Bolivian government encashed yet another 18-million dollars bank guarantee from the Indian firm for not meeting contractual terms.

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