By EEUGEN ROXAS
Jindal Steel and Power Limited decides to leave the country. Submitted a letter of termination of contract in Bolivia.. Photo © EPA®
LA PAZ, Bolivia .— The Indian firm Jindal abandons the development of iron ore and other minerals at the border between Bolivia and Brazil. This is billed as the largest mining project of President Evo Morales.
A final attempt by the company aimed to invite the Bolivian Minister of Mines to travel to the headquarters of the Indian company, but met with refusal of the authority, which was understood as a closing position of the last opportunity for dialogue.
Jindal Steel & Power Limited (JSPL) sent a letter to rescind his contract. Bolivian Mining Secretary, Mario Virreira, told local media that has the letter and he will give an answer next week.
Jindal Bolivia said that their investments exceeds 600 million dollars and claims that Bolivian Government for not giving land to operate. Another claim of Jindal was gas provision for the steel complex.