Indian iron ore major, NMDC, on Wednesday signed a contract for a steel melting shop (SMS) package with a consortium led by Siemens VAI MT GmbH & Co, Austria, for its upcoming integrated steel plant in Chhattisgarh.

State-owned mining major NMDC's Australian arm Legacy Iron is set to acquire six coal tenements in Queensland, a top official said.

The share price of NMDC, which has lagged the broader markets in the last one year, has seen some uptick in the recent past.

Production in the Kirandul mines of the National Mineral Development Corporation (NMDC) in Dantewada district of Chhattisgarh was affected Monday following Naxal attack that killed six Central Industrial Security Force (CISF) jawans on Sunday night.

The share price of NMDC, which has lagged the broader markets in the last one year, has seen some uptick in the recent past lifting the mood among investors.

State-owned iron ore miner NMDC, is looking to acquire stake in two assets abroad including a 26 per cent stake in Brazilian iron ore company Amplus for $10-15 million, by July.

In yet another blow to Odisha government's ambitious proposal to impose a windfall tax on “super normal profit&" earned by miners, the Union Mines Ministry has said such a demand is not justified as all miners do not earn supernormal profit

State-run iron ore miner NMDC may announce a Rs 300-400 per tonne increase in the prices of the key steel-making raw material in the third week of this month when its Board meets to take a final call.

State-owned iron ore producer NMDC today said its production this fiscal will go up by 20% over 2011-12 to more than 30 million tonne on improved output from the existing mines.

The government today said that of the 16 Navratna PSUs, only two -- NMDC and National Aluminium Company -- have no regular chairmen in position.

Jharkhand Chief Minister Arjun Munda on Monday said his government had urged the Centre to fix rates for iron ore through the National Mineral Development Corporation (NMDC) so that the ore could be given to companies in the state.

Country's top iron ore producer NMDC plans to invest Rs 3,513 crore on its upcoming 3 million tonne per annum capacity steel plant at Nagarnar in Chhattisgarh.

State-owned NMDC Limited, which acquired Australia-based Legacy Iron Ore in December 2011, is now set to buy Wonarah rock phosphate reserves of Minemakers Limited for about $15 million.

State-owned NMDC Ltd, which had acquired Australia-based Legacy Iron Ore in December, is set to buy Wonarah rock phosphate reserves of Minemakers Ltd for $15 million.

After buying out Australian firm Legacy Iron Ore for about Rs 92 crore last year, state-owned NMDC is eyeing to acquire three more overseas properties by June-July, a top company official said today.

Public sector miner NMDC Limited has got an unforeseen domestic opportunity, especially in Karnataka, in the light of the final report on illegal iron ore mining submitted by the Central Empowered Committee (CEC) to the Supreme Court early this month.

State-owned NMDC will soon appoint three different agencies to conduct due diligence for three overseas projects in which it is looking to acquire a stake, according to a top official of NMDC.

NMDC, the country's largest iron ore producer, has cut prices of fines (Fe grade) and lumps by 20 per cent and 3 per cent respectively in the light of fall in international prices of ore.

The coal ministry will invite a fresh application from state-owned miner NMDC Ltd for the allocation of India’s largest thermal coal block, Deocha Pachami, in West Bengal’s Birbhum district.

NMDC is likely to seek extension of its exclusivity agreement with Australia's Minemakers to acquire 50% stake in the latter's Wonarah phosphate deposits by another 2-3 months.