Steel Authority of India (SAIL) led consortium has been declared as a preferred bidder for the blocks B, C and D in the Hazigak iron ore deposits. The company is presently engaged in negotiations prior to signing of a contract with Ministry of Mines, Government of Afghanistan.
However, there are inherent uncertainties in the quantum and quality of iron ore in the said blocks.
Besides, due to the security risks involved of investing and operating in Afghanistan, difficulties involved in evacuation, long gestation and multi-faceted nature of project and associated infrastructure, SAIL led consortium has requested the Government of India for providing assistance/support in the form of loan/aid for the project and ore evacuation, logistics and infrastructure.
