Jindal Steel ends Cameroon iron ore mine talks

MUMBAI Thu Feb 7, 2013 1:21pm IST

Related Topics

Stocks

   

MUMBAI (Reuters) - Jindal Steel (JNSP.NS) has pulled out of talks to invest in a Cameroon mine owned by iron ore producer Afferro Mining Inc (AFF.V) AFFA.L, questioning the financial viability of the project.

"There is major spending in billions of dollars required to create the required infrastructure and consequently the project may not be financially viable," Jindal said in a statement.

(Reporting by Prashant Mehra; Editing by Sunil Nair)

FILED UNDER:

Reforms Push

REUTERS SHOWCASE

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

26/11 Plotter

26/11 Plotter

Pakistan to challenge bail for Mumbai attack "mastermind".  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage