Iron, News & Features, Resource News
Jindal Steel & Power to make significant investment in Apollo Minerals
By The Australian · May 9, 2012 · 12:15 am · Leave a Comment
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By Prasenjit Bhattacharya
INDIA’S Jindal Steel & Power has acquired a 9.25 per cent stake in Australian iron ore miner Apollo Minerals for $1 million.
In a statement late yesterday, Apollo said the acquisition of the stake by JSPL was an “initial investment” and that the Indian steelmaker was expected to make a significant investment in the company.
