State-owned miner NMDC will seal deals to acquire two iron ore assets in Australia next month.
Chairman and Managing Director Rana Som said the company would spend less than $100 million to acquire 51 per cent stake in the two mines. While not disclosinge the names of the companies and the exact amount involved, Som said the acquisition cost was not a big investment, it would become an asset of considerable importance in the long-term.
wishful thinking?
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