NMDC Acquires Coal Mines in Russia and Mozambique

Bloomberg reported that NMDC Ltd. (NSE:NMDC) is making a $300 million coal acquisition.

As quoted in the market news:

Talks are on to acquire a mine with 360 million metric tons of deposits in Mozambique’s Tete province and an 80 million-ton mine in Russia’s Kemorovo region, Chairman Narendra Kumar Nanda said today in a phone interview.

Click here to read the full Bloomberg report.