Hi HotRods,
The latest remarks I can pick up us from their chairman, Rana Som in late June:
http://www.business-standard.com/india/news/qa-rana-som-cmd-nmdc/440570/
He expects the JV to be signed Sept/Oct which has it all on schedule. The word I have is that all went very well with the NMDC tech team & KEMworks over the last couple of weeks. It's just a waiting game ATM.
Let's see what US non-farm payroll figures look like shortly. That'll give the broader market it's lead. Meanwhile we await the outcome of enabling study.
Cheers
blood bath, page-12
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