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India's state-run firms short-listed to bid for Afghan copper, gold Mines: Executive
A consortium of four Indian state-run companies has been short-listed to bid for copper and gold reserves in war-torn Afghanistan, a senior executive at one of the firms said on Thursday.
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New Delhi: A consortium of four Indian state-run companies has been short-listed to bid for copper and gold reserves in war-torn Afghanistan, a senior executive at one of the firms said on Thursday.
Steel Authority of India Ltd, National Aluminium Co, Hindustan Copper Ltd and Mineral Exploration Corp. are likely to put in a bid for these deposits, Hindustan Copper Managing Director Shakeel Ahmed said.
"We have yet to take a call on whether private companies should be included in this consortium. The four companies would meet around April 30 to take a decision on this and other issues related to the bid," Ahmed said.
He said that bid documents have to be purchased by May 15, after which due diligence can start. The Afghan authorities have allowed qualified bidders to look at key data on these reserves.
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Steel Authority of India Ltd, National Aluminium Co, Hindustan Copper Ltd and Mineral Exploration Corp. are likely to put in a bid for these deposits, Hindustan Copper Managing Director Shakeel Ahmed said.
"We have yet to take a call on whether private companies should be included in this consortium. The four companies would meet around April 30 to take a decision on this and other issues related to the bid," Ahmed said.
He said that bid documents have to be purchased by May 15, after which due diligence can start. The Afghan authorities have allowed qualified bidders to look at key data on these reserves.
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