State-run National Mineral Development Corporation (NMDC), which reported a record net profit this year, is looking to acquire a coking coal mine in Zimbabwe and take-over the entire shareholding of Australia’s Legacy Iron Ore where it already has a controlling shareholding.
“We are planning to acquire the remaining stake in Legacy and may delist the company from the Australian Stock Exchange in the future after the full take-over as there is a lot of compliance-related expenditure,” Amitava Mukherjee, Director (Finance), NMDC, said on Tuesday.
