Steel Authority Of India, Mongolia Sign Pact For Mining, Steel Plant

NEW DELHI – State-run Steel Authority of India Ltd. (500113.BY) Friday signed an initial agreement with the government of Mongolia to explore the possibilities for setting up a steel plant and mining iron ore and coking coal in the landlocked Central Asian country.

The Mongolian ministry of mines will provide information on iron-ore and coal deposits in Mongolia to the company and will offer options of locations and size for the steel-making facility, a Steel Authority statement said.

Copyright © 2012 Dow Jones Newswires

Comments

Popular posts from this blog