Business Standard

NMDC to buy Aussie rock phosphate mine

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Prashanth Chintala Hyderabad

State-owned NMDC Ltd, which had acquired Australia-based Legacy Iron Ore in December, is set to buy Wonarah rock phosphate reserves of Minemakers Ltd for $15 million. "NMDC will complete the acquisition of the rock phosphate asset in Australia by the end of next month," N K Nanda, in-charge chairman and managing director of the country's largest iron ore miner told Business Standard.

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First Published: Mar 14 2012 | 12:51 AM IST

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