Sponge iron and steel maker Monnet Ispat and Energy Ltd is in talks to form a new consortium led by Steel Authority of India Ltd (SAIL) to bid for copper and gold reserves in Afghanistan, according to reports.
Reports stated that Monnet was still in an early stage of discussions and would take a call on joining the SAIL-led consortium in a few days.
Afghanistan has invited expressions of interest by 9 March for gold and copper deposits in four provinces spread across the country, says report.