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Wednesday 14 September 2011

NMDC to bid for 50% Stake in Australia's Legacy Iron Ore

NMDC to bid for 50% Stake in Australia's Legacy Iron Ore which will be its overseas acquisition which will around 200 Crore. The stake sale would enable the Australian miner to unlock and monetise the value inherent at its Mt Bevan iron ore mines and gain a large cash infusion.Legacy Iron Ore holds Iron ores  in central Yilgarn and Pilbara areas of Western Australia.

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