The Hindu Business Line
NEW DELHI, JUN 28: Jindal Steel and Power (JSPL) is in talks with Liberia government to acquire the West African country’s largest iron ore mine Wologisi in which China has also evinced interest.
According to industry sources, the deal could be as big as $ 2 billion but it has not been finalised yet and final outcome of talks is expected to take a few months.
They added that some senior functionaries of the Liberian government had met senior officials of the Naveen Jindal—led steelmaker in April here to take forward the deal.
However, things changed a little after China’s ambassador to Liberia, late last month, announced his country’s interest in exploiting the Wologisi mine located in Lofa County.