NMDC, country’s largest iron ore producer is looking for acquisition of more coal mines in different parts of the world through Perth-based Legacy Iron Ore. The company had purchased 50% stake in Legacy Iron Ore that is exploring and developing mineral projects in Western Australia and Queensland.
The company expects to increase its domestic output from current 32 million tonnes per annum to 48 million tonnes per annum in the next three-four years. It is also likely to sell most of its production in Australia to countries such as Japan rather than importing to India.
