Manganese Ore India signs MOU with Bateman Engineering
15 Sep 2006
Chennai: The central government-owned Manganese Ore India Limited (MOIL) has signed an MoU with South Africa's Bateman Engineering to invest in ferromanganese mines overseas.
On
completing its investigations as to the potential for
MOIL to invest, Bateman Engineering will negotiate a separate
agreement with the Indian company to design and build
its plants. It would also provide smelting furnaces. The
MoU is expected to further strengthen the relationship
between India and South Africa in the mining sector.
Minister
of state for steel Dr Akhilesh Das who met the two-member
delegation in New Delhi, was briefed on the mining potential
of different ores in South Africa where India could also
possibly set up joint ventures.