Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
NMDC proposes to acquire phosphate deposit in Australia
NMDC has signed a non-binding memorandum of understanding with Minemakers Ltd. to
develop the Wonarah phosphate deposit in Australia. NMDC will buy a 50% stake in the
project once the project feasibility is established. The proposed project will include a mine
and downstream processing facilities to produce beneficiated rock phosphate for export,
phosphoric acid and finished fertiliser products. We continue to maintain our Reduce rating
on the stock with a target price of `241.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
NMDC proposes to acquire phosphate deposit in Australia
NMDC has signed a non-binding memorandum of understanding with Minemakers Ltd. to
develop the Wonarah phosphate deposit in Australia. NMDC will buy a 50% stake in the
project once the project feasibility is established. The proposed project will include a mine
and downstream processing facilities to produce beneficiated rock phosphate for export,
phosphoric acid and finished fertiliser products. We continue to maintain our Reduce rating
on the stock with a target price of `241.
No comments:
Post a Comment