Indians seek coal and iron ore in Africa
June 21, 2012
Company chairman and managing director Naveen Jindal told Reuters during a steel strategy conference here that the company wanted to raise its raw materials self-sufficiency level to 80 to 90% by 2015 from 70% currently.
His comments came just a week after the company had given the Bolivian government notice to terminate its US$2.1 billion iron ore and steel investment in the country due to the lack of support from the Bolivian government.
Source: Reuters Africa. For more information, click here.