MoneyWorks4Me

MOIL Gets 8 Proposals for Mine Acquisition Overseas

04 Jul 2011 Evaluate

MOIL, has received at least eight proposals for acquiring a small-size mine overseas. The largest domestic manganese producer has received proposals from South Africa, Gabon and Indonesia, among other geographies. MOIL has more than Rs 2,000-crore cash surplus, which could be used for buying out the asset.

Peers
Company Name CMP
Coal India 413.95
NMDC 72.86
Ashapura Minechem 489.10
Sandur Manganese 181.35
GMDC 477.10
View more..