NMDC Australia

H buddy here I am looking for memorandum of understanding (MoU) info between NMDC ltd and Iron Ore Ltd of Australia, so would you plz let me know about the same ??

[pawan]

NMDC (National Mineral Development Corporation) Limited is a state-controlled mineral producer of the Government of India.

As you asking I am telling National Mineral Development Corporation (NMDC) has signed a memorandum of understanding (MoU) with Legacy Iron Ore Ltd of Australia to acquire 50 per cent stake in the Australian mining company. This will flag off NMDCs plans to acquire iron ore and coal assets in Australia.

[B]Company profile :[/B]

Type State-owned enterprise

Public (BSE: 526371, NSE: NMDC)

Industry Mining

Founded 1958

Headquarters Hyderabad, India

Key people Shri N. Baijendra Kumar, IAS

Products Iron ore, copper, rock phosphate, lime stone, dolomite, gypsum,

bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands

Revenue US$ 2.075 billion (201112)

Number of employees 5,924 (2011 12)