NMDC is eyeing to acquire three more overseas properties by June-July. The move follows its buying of Australian firm Legacy Iron Ore for about Rs 92 crore last year.
The three overseas assets on its acquisition radar include 26 per cent stake in Brazilian iron ore firm Amplus for around $10-15 million and a coking coal mine in Mozambique, NMDC Chairman NK Nanda told a leading news agency. Of this, the agreement to acquire the Mozambique coking coal mine is likely to be signed by the end of the this month. The company is sending a three-member team there next week for site due-diligence, Nanda said. .
Besides, the state-owned iron ore miner is also looking to acquire 50 per cent stake in Wonorah rock-phosphate reserve of Australian firm Minemakers, Nanda said.