Nalco eyes mines in Afghanistan
State-owned aluminium maker Nalco may show interest in developing mines in Afghanistan, which is expected to invite global bids soon for exploration of mineral deposits
estimated to be worth $1 trillion. “We are right now waiting and watching the situation there. Once the tender is floated,” a Nalco official said. Nalco has joined industry peers like Vedanta Resources, Essar, Hindustan Copper which are eyeing mining assets in Afghanistan which is likely to seek global interest in the near future. “Afghanistan's mining resources are yet to be explored. We are diversifying into other metals like copper, uranium, zinc,” he said.
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