Tag: Jindal Steel Bolivia
Jindal Steel BoliviaBolivia seizes silver and indium mine operated by Canadian firm
Confirming the growing trend in several South American countries, Bolivia expropriated a silver and indium mine operated by a local unit of Canadian firm South American Silver, a move criticized by Ottawa and likely to scare off foreign investors.
Bolivia raids the offices of India’s Jindal alleging “breach of contract”
Bolivian prosecutors with the support from police and military forces on Friday raided the offices of India’s Jindal in La Paz as part of an investigation for an alleged “breach of contract” following the company’s confirmation it was abandoning the huge iron-ore mining project of El Mutún.
Indian company scraps largest iron-steel development plan in Bolivia history
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.
Major Indian steel company readies plans to scrap huge mining project in Bolivia
India's Jindal Steel & Power said on Saturday it was making plans to scrap a 2.1 billion dollars steel project in Bolivia, saying the Bolivian government had not met contract terms that include supply of natural gas for the project.
India’s ambitious project to mine 20bn tons of iron ore in Bolivia at risk
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.
