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

Wednesday, July 18th 2012 - 07:34 UTC

Full article 3 comments

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. Read full article

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Idlehands
While they choose to blame each other for this shambles it would seem that the overiding reason for the failure of this project was because there is simply not enough gas available in Bolivia to power it.
Jul 18th, 2012 - 08:36 am - Link - Report abuse 0
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jerry
I think that there is enough gas; Bolivia will just not commit to supplying what is needed. Remember that Bolivia must also keep gas going to Argentina, and Argentina is much closer to Bolivia than India.
Jul 18th, 2012 - 02:52 pm - Link - Report abuse 0
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Idlehands
Turns out they'd rather just flog gas to Argentina rather than invest it in a multi billion dollar mining project:

http://www.buenosairesherald.com/article/106490/cfk-morales-sign-gas-deals
Jul 19th, 2012 - 05:49 am - Link - Report abuse 0
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