State-run National Mineral Development Corp., which reported a record net profit this year, is looking to acquire a coking coal mine in Zimbabwe and take over the shareholding of Australia’s Legacy Iron Ore where it already has a controlling shareholding.
Amitava Mukherjee, director of finance for NMDC, said “NMDC is looking at the possibility of taking up a coking coal mine in Zimbabwe.”
NMDC already runs a coking/thermal coal mine in Benga, Mozambique, through ICVL.
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