01
Apr
12:16
JSPL invests in Venezuelan iron ore producer: sources
India's Jindal Steel and Power (JSPL) is heard to have an interest in investing in Venezuelan state-owned miner Ferrominera del Orinoco (FMO), Kallanish notes.
While the iron ore producer has denied signing any deal, other industry sources confirmed it to be true.
“Negotiations supposedly began last August, when owner Naven Jindal visited FMO's facilities,” says a source from a local union. "Since then, technicians and specialists from th…
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Anonymous
Very good overview of the weekly steel market.
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