NMDC floats global division to focus on overseas acquisition, expansion

Indian State-run miner NMDC has set up a department – NMDC Global – to impart greater focus on the acquisition of mineral assets overseas, enter into strategic tie-ups and access newer mining technologies. According to a company statement, NMDC Global’s mandate would be to increase the company’s footprint across global mining geographies, while the parent continued to maintain leadership in domestic iron-ore mining and steelmaking at its upcoming three-million-ton-a-year greenfield steel mill.