Nepal Orind Magnesite future looks shaky as Minister delays plans
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
governments 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...