NMDC will spend $500m on 4-5 assets. That looks good for a high price for half of LCY:
NMDC Chairman Rana Som said the company had earmarked $500 million... for overseas acquisitions this fiscal...??We are confident of acquiring two mining properties overseas within the next 100 days. We are looking at 4-5 assets in the U.S., Russia, Australia and Mozambique,'' he remarked.
