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Old November 24th, 2017, 05:08 PM
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Default NMDC Wonarah

In which year Minemakers Limited was signed a non-binding, Memorandum of Understanding ("MOU") with NMDC Limited for Wonarah Project, do you know about it , if yes then will you plz let me know ??
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Old November 25th, 2017, 09:33 AM
Educhamp's Avatar
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Join Date: May 2011
Location: Delhi
Posts: 38,226
Default Re: NMDC Wonarah

NMDC (National Mineral Development Corporation) Limited is a state-controlled mineral producer of the Government of India.

As you asking I am telling Minemakers Limited had signed a non-binding, Memorandum of Understanding ("MOU") with Bombay Stock Exchange listed NMDC Limited (BSE Symbol: NMDC; market capitalisation AU$21 Billion) to establish a pathway for the development of the Wonarah Phosphate deposit in the Northern Territory. Under this MOU relevant NMDC management staff will join the Minemakers team to undertake a joint Feasibility Study into the agreed aspects of the full development of Wonarah, Australia's largest known, undeveloped, phosphate deposit.

The general terms of the JVA are anticipated to include:

NMDC to acquire a 50% equity in the Wonarah Project.

NMDC will have responsibility for arranging project finance for the full development of Wonarah, by way of debt finance.

Repayment by NMDC to Minemakers of certain project and other costs already incurred on the Wonarah project to date.

Company profile:
Type State-owned enterprise
Public (BSE: 526371, NSE: NMDC)
Industry Mining
Founded 1958
Headquarters Hyderabad, India
Key people Shri N. Baijendra Kumar, IAS
Products Iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands
Revenue US$ 2.075 billion (2011–12)
Number of employees 5,924 (2011-12)
Answered By StudyChaCha Member
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