NMDC Visit to Perth, page-2

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Magpies123

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19/04/22

10:13

Post #: 60905162
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Originally posted by Magpies123: ↑

A high-level delegation of NMDC Ltd, led by Mr. Sumit Deb,Chairman and Managing Director met with state government officials and other mining companies in Australia this week.
Comprising of Mr. Amitava Mukherjee, Director – Finance and other senior officials of NMDC the delegation, which reached Perth, Australia had deliberations with the team ofLegacy Iron Ore Ltd its Australian subsidiary.
Mr. Deb shared NMDC’s future plans with officials of the state government. Stating that FY2022’s record production was just a beginning for NMDC, he outlined the company’s vision to become a 100 MT iron ore producer by the year 2030.
NMDC, being the single largest iron ore producer in India, is diversifying into steel with the greenfield Nagarnar Steel Plant in the state of Chhattisgarh, India due to start production soon, said Mr Deb.
He also expressed optimism on the future of the recently executed agreement between Legacy Iron Ore and Hancock Prospecting Ltd, which is now a key partner.
Mr Deb said Hancock’s expertise and experience, particularly in iron ore in Western Australia, would help unlock the huge potential of the Mt. Bevan project.
Also present at the meeting, the Chief Executive Officer of Atlas Iron Ore, Mr. Sanjeev Manchandani, the appointed manager of the new joint venture, elaborated on the activities planned towards completing pre-feasibility studies of Mt Bevan.
The CMD and Director, Finance also met with heads of other mining company present and had a valuable exchange of information on mining practices in Western Australia and NMDC’s plans in the state.
Mr. Rakesh Gupta, CEO, Legacy Iron, thanked Mr. Deb, Mr. Mukherjee and other dignitariespresent at the meeting for their continued support and guidance over the last few years in helping Legacy Iron grow to new heights.

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Now LCY (NMDC) and Hancock going together

Will LCY takeover HAW???

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