JSPL to Export Ore from its Bolivian Mine

Jindal Steel and Power (JSPL) will start iron ore exports from Bolivia’s El Mutun mines in the next 2-3 months. Considered as one of the world’s single biggest iron ore deposits, the El Mutun mines have reserves of more than 40 billion tonnes and in 2007, the JSPL had entered into an agreement with the Bolivian government for their development. 

The agreement included construction of a 1.7 MTPA steel plant, a 6 MTPA sponge iron plant and 10 MTPA iron ore pellet plant, along with a 40-year contract to mine about half of the reserves of El Mutun iron ore mines.crackcrack