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NMDC may ink MoU with Masan Resources

07 Dec 2017 Evaluate

NMDC is likely to soon sign a Memorandum of Understanding (MoU) with Vietnam-based Masan Resources for a possible acquisition of a minority stake in a tungsten mine in the Southeast Asian nation. The company has got clearance from the Ministry of Steel for the MoU.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.

Peers
Company Name CMP
Coal India 414.20
NMDC 73.07
Ashapura Minechem 489.35
Sandur Manganese 181.30
GMDC 476.25
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