Nepal Orind Magnesite future looks shaky as Minister delays plans

By Siobhan Lismore-Scott
Published: Friday, 17 October 2014

The Nepalese resource could be a valid supplier to the growing Indian market if it is able to be revived. At this stage it is unclear if the rumours of a delay to start up are true as neither the Nepalese government or Khetan Group could be reached for comment.

Local media sources in Nepal are suggesting that the government’s plan to hand over management of Nepal Orind Magnesite to a major shareholder could be cancelled.

Khetan Group is one of three equity partners of the state-controlled firm and, according to the Kantipur, it was close to reopening...

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