Sajjan Jindal led-JSW Steel in talks to buy stake in London Mining.

Sajjan Jindal's JSW Steel is believed to be in talks to acquire a stake in London Mining, a debt-laden British mining company with iron ore resources in Sierra Leone.

At a time when a 42% dip in global ore prices this year has impacted valuations of iron ore assets and Sierra Leone has been fighting the deadly Ebola virus, analysts say JSW Steel could bargain and get its hands on a prized property at a relatively low price.

The development, which was reported widely in a section of global media, comes close on heels of JSW Steel's bid for Italy's Lucchini and Ilva steel plants.

ET