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Jindal wins 25-yr coal licence in Mozambique

07 Feb 2011 Evaluate

Mozambique has awarded India's Jindal Steel & Power a 25-year licence to explore and mine for coal in the northwest Tete province, in return for a $180 million investment. Jindal will invest $180 million in the Tete coal mine, as part of a project that will cover 2, 1540 hectares.

Jindal Steel Share Price

1269.50 45.65 (3.73%)
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