PTI reported that Jindal Steel and Power Ltd plans to start mining iron ore from its mines in Bolivia in the second half of 2009.

Mr Sushil Maroo whole time director of JSPL said that “Production from Bolivia iron ore mines will start in another 6 months.”

JSPL secured the rights to mine the world’s oldest El Mutun iron ore reserves in the African country in 2006. JSPL has lined up an investment of USD 2.1 billion to set up steel making facilities as also developing the mines.

source : PTI

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