The Economic Times:
http://articles.economictimes.indiatimes.com/2012-01-15/news/30629679_1_legacy-iron-ore-nmdc-board-phosphate
"Negotiations for the deal is in its final stages and the NMDC Board is likely to take a final call by January-end of early-February," a source close to the development said.
the source added that for the deal NMDC will form a 50:50 joint venture with Minemakers and the asset will be transferred to the JV.
The Indian firm will also be making payments for the initial costs incurred on the phosphate deposits by Minemakers, the source said, adding that "by mid-February, the agreements are expected to be signed"
------------------
will see what happen in next month.
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