NMDC Makes Investment in Tanzanian Gold Leases

Mining Weekly reported that NMDC Limited (BSE:526371) has purchased gold mining leases in Tanzania for $50 million.

As quoted in the market news:

For the past several years, NMDC has been exploring the possibility of gold mining in the eastern Indian province of Jharkhand, but the Tanzanian project was expected to get a headstart over its domestic gold-mining projects.

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