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NMDC sets sights on African coal assets

09 Sep 2010 Evaluate

NMDC is in talks to buy 10% minority stake in Riversdale Mining, the Australian company that owns large coking coal assets in Mozambique. The company is also doing a due diligence for the Kolmar coal mines in Russia.

 

NMDC had recently tied up with Tata Steel to acquire mineral assets globally. The steelmaker already has a 35% stake in the Mozambique project. Tata Steel already has an association with Riversdale, having signed a $100 million agreement for a 35% stake in two coal tenements of the Australian mining company in Mozambique in 2007. crackcrack

NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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