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NMDC keen on Tanzania gold

28 Nov 2011 Evaluate

State-run miner NMDC is hoping to acquire a mining lease for a gold deposit in Tanzania soon. There are three seams and the company has completed exploration of one, for which it expects to get a mining licence. NMDC will also have exploratory rights to other gold deposits once it completes its 50% acquisition of Australian firm Legacy Iron Ore.

Peers
Company Name CMP
Coal India 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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