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Afghanistan to ink pact with AFISCO in January 2013
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Friday, 07 Dec 2012

PTI cited Mr Wahidullah Shahrani minister of Afghanistan Mines as saying that the Afghanistan government will sign the concession agreement in January with SAIL led consortium, after cabinet clearance, for mining iron ore in Bamiyan province.

Mr Shahrani said that "A delegation of SAIL will be visiting Afghanistan in mid December and then all the remaining issues will be sorted out and the deal will be concluded. After that our cabinet will clear and concession agreement will be signed in January 2013."

Speaking on the sidelines of the CII organized International Mining and Machinery Conference, Mr Shahrani said that for a project of such size delay was not unusual.

He said that already 90% of the issues has been sorted out and that in the next round of meeting final details will be concluded.

The AFISCO consists of public sector companies led by SAIL, NMDC and RINL, whereas the private sector players include JSW Steel, JSW Ispat, Jindal Steel and Power Ltd and Monnet Ispat and Energy Ltd. The consortium has won three blocks at the Hajigak iron ore mines in Afghanistan.

The Rail corridor will connect Herat in west and Bamiyan in central Afghanistan. The Hajigak project will cover part of the rail corridor but in the longer term Afghanistan has identified a number of iron ore and also lead and zinc deposits that lay along the corridor.

Source - PTI


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