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Indian companies to bid for gold, copper in Afghanistan
By The Australian · January 30, 2012 · 9:33 am · Leave a Comment
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By Shivom Seth
Close on the heels of bagging the rights to mine iron ore and set up a steel plant at Hajigak in Afghanistan with an investment of up to $11 billion, a consortium of Indian companies led by Steel Authority of India has turned its sights to gold and copper exploration.
In November, a seven member consortium of Indian companies secured the rights to mine iron ore at Hajigak in Afghanistan, said to contain the world’s second largest reserve of the mineral. This was the first time an Indian consortium had successfully bid for a large mine, since many of the earlier deals had been lost to Chinese groups.
