Bolivia’s state-run Empresa Siderurgica Mutunhas has signed a $2.1bn (£1bn) deal with Indian firm Jindal Power & Steel to mine large deposits of iron.
President Evo Morales said the deal marked the largest foreign investment the central South American country.
The area to be mined, on Mount El Muntun near the border with Brazil, has 40 billion [...]

Jindal Steel & Power Ltd and Bolivia said they will evenly split the earnings from an iron mine in the South American country’s eastern jungles.
Bolivian Planning Minister Carlos Villegas told a news conference announcing the preliminary accord with Jindal that the Mutun mine, on Bolivia’s border with Brazil, could earn $400 million annually after three [...]

Bolivia’s government postponed a $2.3 billion contract with Jindal Steel & Power Ltd., India’s third- biggest steelmaker, to develop the Mutun iron ore mine, Planning Minister Carlos Villegas said.
Bolivia shelved the contract, awarded June 2, to negotiate a greater share of profits from the project, which includes a steel plant and a sponge iron factory, [...]