NMDC is planning to acquire Amplus, a Brazilian iron ore company.
NMDC is planning an investment of $150 million for development. It will initially invest around $10-15 million to acquire 26% holding and buy up to 50% subsequently, according to reports.
Amplus mine is located around 150 km close to the coast with reserves of over 1.5 billion tonne.
Last August, NMDC acquired 50% stake in Australia based Legacy Iron Ore for about $100 million. It floated a subsidiary in Australia to handle the deal and also look at other investment options.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
NMDC is planning to acquire three overseas coal mines, one each in Russia, Mozambique and Australia, a rock-phosphate mine in Australia and an iron ore mine in Brazil.
....more info
NMDC is planning an investment of $150 million for development. It will initially invest around $10-15 million to acquire 26% holding and buy up to 50% subsequently, according to reports.
Amplus mine is located around 150 km close to the coast with reserves of over 1.5 billion tonne.
Last August, NMDC acquired 50% stake in Australia based Legacy Iron Ore for about $100 million. It floated a subsidiary in Australia to handle the deal and also look at other investment options.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
NMDC is planning to acquire three overseas coal mines, one each in Russia, Mozambique and Australia, a rock-phosphate mine in Australia and an iron ore mine in Brazil.
....more info