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Mergers & Acquisitions | 22 October 2012

Jindal Steel Plans Acquisition Of West African Mine

by Vivek Singh
Jindal Steel Plans Acquisition Of West African Mine
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After buying Canadian coal firm CIC Energy, Jindal Steel & Power Limited is close to acquiring an iron ore mine in West Africa for $2 Bn, Bloomberg said.

The acquisition will help Jindal Steel secure deposits of around 1 Bn metric tons and include a building transport line.

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