"He sad that “We plan to commission new iron ore mines of seven million tonnes capacity at a cost of INR 1,000 crore over the next few years. This will require investing INR 300 crore every year. Also, INR 200 crore will be spent in new acquisitions in Australia. We are looking at acquiring phosphate mines there.”"
INR200crore = AU$38m
so 50% of Wonarah = AU$38m?
or Wonarah + Ridley = AU$38m as it said 'acquisition(s)'
http://www.steelguru.com/indian_news/NMDC_plans_INR_4655_crore_investment/247422.html
timing of ann, page-47
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