Three state-run firms, Rashtriya Ispat Nigam, NMDC and MOIL , under the Steel Ministry are looking to acquire iron ore assets in Brazil, the world's second largest exporter of the steel-making raw material. NMDC has already started due diligence in a couple of mines in the Amapa province. The Steel Ministry has initiated talks with the Brazilian authority for identifying potential targets for the other two for acquisition,
Thursday, 27 December 2012
Three steel PSUs look to buy iron ore assets in Brazil
Three state-run firms, Rashtriya Ispat Nigam, NMDC and MOIL , under the Steel Ministry are looking to acquire iron ore assets in Brazil, the world's second largest exporter of the steel-making raw material. NMDC has already started due diligence in a couple of mines in the Amapa province. The Steel Ministry has initiated talks with the Brazilian authority for identifying potential targets for the other two for acquisition,
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