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Mining bill won't hurt, will boost business setup: NALCO
Edited by : AL CIRCLE
1 min read
In an interview to CNBC-TV18, BL Bagra, director finance at NALCO says the new Mines and Minerals (Development and Regulation) MMRD Act is unlikely to hurt much, since the business environment it is likely to create, he says in due course of time will make the company’s business proposition better.
Talking about the payment for the Indonesian expansion, Bagra says, “The point of spending the money will arise only sometime in the second half of 2012. We will be raising debt,but the whole Indonesia project will be implemented through an SPV to be registered within Indonesia and that SPV will raise the debt from the international market.”
Talking about the payment for the Indonesian expansion, Bagra says, “The point of spending the money will arise only sometime in the second half of 2012. We will be raising debt,but the whole Indonesia project will be implemented through an SPV to be registered within Indonesia and that SPV will raise the debt from the international market.”
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