Monday 10 June 2013

NMDC Signs Memorandum of Understanding for Mineral Projects in Zimbabwe

             NMDC Signed the Memorandum of Understanding with MOSI OA TUNYA DEVELOPMENT COMPANY of Zimbabwe under the administrative control of Ministry of Tourism and Hospitality Industry, Government of Zimbabwe.

             NMDC plans to develop mineral assets overseas to secure raw materials for the steel industry. The designated organization of the Ministry of Tourism and Hospitality Industry, Government of Zimbabwe has invited NMDC as a strategic partner to invest in the exploration and development of the iron, ore, coal, Gold and chrome tenements. This MoU will provide exclusivity to NMDC for participation in mineral projects at Zimbabwe.

NMDC trading at Rs.116.35 up by (0.51%) with its previous closing  Rs.115.80

 

No comments:

Post a Comment