Jindal Steel & Power Denies It Agreed to Invest in Venezuela
A bulldozer loads iron ore into train cars at the CVG Ferrominera Orinoco mine outisde of Ciudad Piar, Venezuela.
Photographer: Meridith Kohut/Bloomberg
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India’s Jindal Steel & Power Ltd. says it hasn’t signed an agreement or committed to any financing in Venezuela.
Bloomberg News on Saturday reported Venezuela’s government signed an agreement with the Indian company to operate CVG Ferrominera Orinoco, the country’s largest iron-ore producing plant, according to a person with knowledge of the matter.