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NMDC to acquire more coal mines through Legacy Iron Ore

26 Dec 2012 Evaluate

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.

NMDC Share Price

87.33 -1.24 (-1.40%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 450.60
NMDC 87.33
GMDC 682.70
Sandur Manganese 209.35
MOIL 322.25
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