Thursday, January 8, 2009

MSP Receives Iron Ore Licence

MSP Steel & Power Ltd said on Wednesday it has received a prospecting license from the federal government for iron ore mines at Chhattisgarh.

The mine, spread across 150 hectares, will make the company cost-competitive and help it improve its bottomline, it said in a statement to the Bombay Stock Exchange.

Source: Reuters

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