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NMDC to own up to 50 per cent stake in Australian company

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NMDC signed an agreement to acquire up to 50 per cent stake in Australian mineral exploration company, Legacy Iron Ore. Legacy has interests in gold and manganese, besides iron ore. The MoU gives access to NMDC to get into Australia and devise further strategies. NMDC intends to use Legacy as a vehicle to acquire large-scale Australian bulk commodity projects such as coal and iron ore.

Contact: NMDC. Website: www.nmdc.co.in


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Guest Tuesday, 25 September 2018

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