Todate Indian news:
NMDC Ltd., India's largest iron ore miner, may rise after its fourth-quarter profit almost doubled, in line with analyst estimates, as prices surged. Chairman Rana Som separately announced plans to acquire a 50 percent stake in Minemakers Ltd.'s phosphate mine in Australia.
See from Minemakers Q report, page 3 how they will execute:
http://www.minemakers.com.au/downloads/MAK2010DecemberQuarterlyActivitiesReport.pdf
nmdc 50% stake in minemakers ltd
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