20
May
07:35
NMDC to acquire 100% of Australian mining subsidiary
India's state-owned National Mineral Development Corporation (NMDC) Limited plans to acquire the remaining 24% share of its Australian iron ore subsidiary Legacy Iron Ore Limited to achieve full shareholding. However, NMDC currently has no clear plan to realize this idea and hopes to listen to the opinions of professionals, Kallanish notes.
Insiders at the company say NMDC has considered delisting Legacy from the Australian Securities Exc…
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