A report in Projects Today suggests that the state-owned NMDC intends to acquire 2 coking coal properties in Australia and New Zealand for an estimated USD 15 million to meet the raw material requirement of its proposed steel mills in India.
The mining major along with a foreign partner has identified low scale operational coal mines and an exploratory block in the 2 countries and has initiated talks with the proprietors of the assets.
The two coal properties are expected to have reserves of 25 million tonne of coking coal. NMDC is in the process of setting up a 3 million tonne per annum steel plant in Chhattisgarh with an investment of INR 14,000 crore.
Source: Steel Guru
No comments:
Post a Comment