State-run National Aluminium Company (NALCO) along with its consortium partners - Hindustan Copper (HCL) and Mineral Exploration Corporation - are eyeing for gold and copper reserves in Afghanistan. For this they have decided to submit expressions of interest (EoI) for exploration of the same.
The consortium has written to the union mines ministry seeking inter-ministerial coordination. The detailed structure of the consortium, including stakes to be held by the partners, will be decided later. The last date for submission of EoI is March 16, 2012.
The move, which comes close on the heels of a successful bid by a SAIL-led consortium for Afghanistan's Hajigak iron ore reserves, is the first such venture in the non-ferrous sector. This is the first time Afghanistan has invited bids to develop goldmines in the provinces of Badakhshan and Ghazni and to extract copper in Heart, Sar-I-Pul and Balkh. The Afghan government will announce the shortlist of bidders on March 23, after which it will invite financial bids.
| Company Name | CMP |
|---|---|
| National Aluminium | 417.50 |
| Maan Aluminium | 138.15 |
| Arfin India | 90.14 |
| Manaksia Aluminium | 26.95 |
| PG Foils | 220.95 |
| View more.. | |
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