State-owned NMDC is pursuing more overseas acquisitions of strategic mineral assets to meet its requirements as also for raw material security for steel and fertiliser industries, the company’s Chairman and Managing Director (In-charge) N K Nanda said.
“After successful acquisition of Legacy (in Australia) NMDC is in an upbeat mood and is laying its hands for more acquisitions in Brazil, Mozambique, Russia, USA and South Africa,” Nanda said at a press conference.
NMDC recently completed the acquisition of 50 per cent equity in Legacy Iron Ore Ltd and inducted three directors on Legacy board, with Nanda as the Chairman.
Published 05 February 2012, 16:01 IST