{"id":7663,"date":"2012-02-05T13:42:49","date_gmt":"2012-02-05T11:42:49","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/indias-nmdc-looks-to-acquire-mineral-assets-overseas\/"},"modified":"2012-02-05T13:42:49","modified_gmt":"2012-02-05T11:42:49","slug":"indias-nmdc-looks-to-acquire-mineral-assets-overseas","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/indias-nmdc-looks-to-acquire-mineral-assets-overseas\/","title":{"rendered":"India&#8217;s NMDC looks to acquire mineral assets overseas"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">MUMBAI<\/span> Feb 5 (Reuters) &#8211; India&#8217;s biggest iron ore<br \/>\nminer, NMDC Ltd, is scouting for mineral assets in<br \/>\nBrazil, Mozambique, Russia, the United States and South Africa,<br \/>\nit said in a statement.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The state-run miner is looking to meet its own requirements<br \/>\nand ensure raw material security for the country&#8217;s steel and<br \/>\nfertilizer industries, the statement added.<\/p>\n<p><span><\/span><\/p>\n<p>NMDC had identified an iron ore asset in Brazil, with<br \/>\nreserves of more than 1 billion tonnes, the statement said.<\/p>\n<p><span><\/span><\/p>\n<p>It is also planning to acquire coking coal assets in Russia<br \/>\nand Mozambique with more than 50 million tonnes and 150 million<br \/>\ntonnes of reserves respectively.<\/p>\n<p><span><\/span><\/p>\n<p>NMDC, which recently acquired Legacy Iron Ore in Australia,<br \/>\nis also under due diligence to acquire a rock phosphate asset in<br \/>\nthe country.<\/p>\n<p><span><\/span><\/p>\n<p>In January, the company, with a market cap of $14.8 billion,<br \/>\nreported a 22 percent rise in net profit to 18.59 billion rupees<br \/>\n($381.80 million) for the quarter ended December.<\/p>\n<p><span><\/span><\/p>\n<p>($1 = 48.6900 Indian rupees)\t<\/p>\n<p> (Reporting by Nandita Bose; Editing by Nick Macfie)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI Feb 5 (Reuters) &#8211; India&#8217;s biggest iron ore miner, NMDC Ltd, is scouting for mineral assets in Brazil, Mozambique, Russia, the United States and South Africa, it said in a statement. The state-run miner is looking to meet its own requirements and ensure raw material security for the country&#8217;s steel and fertilizer industries, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7663","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7663"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7663\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}