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  #1  
September 12th, 2017, 09:46 AM
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Legacy NMDC

Hi buddy I heard NMDC in 2014 raised its stake in its Australian subsidiary Legacy Iron Ore Ltd to 78.56 per cent from 48.82 per cent , is this statement true , plz let me know about it ???
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  #2  
September 12th, 2017, 10:27 AM
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Join Date: Mar 2012
Re: Legacy NMDC

NMDC (National Mineral Development Corporation) Limited is a state-controlled mineral producer of the Government of India.

Yes NMDC in 2014 raised its stake in its Australian subsidiary Legacy Iron Ore Ltd to 78.56 per cent from 48.82 per cent at at a cost of A$12.3 million (about 69 crore). It acquired additional shares through exercise of its entitlement (in a right issue) of fresh shares.

Company profile :

Type State-owned enterprise

Public (BSE: 526371, NSE: NMDC)

Industry Mining

Founded 1958

Headquarters Hyderabad, India

Key people R Sridharan (CMD)

Products Iron ore, copper, rock phosphate, lime stone, dolomite, gypsum,
bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands

Revenue US$ 2.075 billion (2011–12)

Number of employees 5,924 (2011-12)

Operating mines

Bailadila Iron Ore Mine, Kirandul Complex, Distt. South Bastar, Dantewada (C.G.)

Bailadila Iron Ore Mine, Bacheli Complex, Distt. South Bastar, Dantewada (C.G.)

Donimalai Iron Ore Mine, Donimalai, Distt. Bellary (Karnataka)

Diamond Mining Project, Majhgawan, Panna (M.P.)


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