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NMDC eyes two mines in Russia for Rs 1,881 cr
India’s largest iron ore producer and exporter, NMDC Ltd, is contemplating buying coking coal mines in Russia from Kolmar for $400 million (Rs 1,881 crore today). "This is our biggest project. Our people have gone and seen it. It has an underground mine which produces 500,000 tonnes a year. Due diligence will start shortly," said a top NMDC official. The reserves of the two mines stand at 353
India’s largest iron ore producer and exporter, NMDC Ltd, is contemplating buying coking coal mines in Russia from Kolmar for $400 million (Rs 1,881 crore today). "This is our biggest project. Our people have gone and seen it. It has an underground mine which produces 500,000 tonnes a year. Due diligence will start shortly," said a top NMDC official. The reserves of the two mines stand at 353
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