Skip to main content

MoneyWorks4Me

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 393.50
NMDC 67.66
Ashapura Minechem 427.65
Sandur Manganese 168.00
GMDC 438.85
View more..