NMDC to Establish Overseas Investment Arm for Global Mineral Assets

NMDC, an Indian mining company, is creating a new company to invest in mines overseas.

This new company, called NMDC Global, will be set up in Gujarat, India.

It's like NMDC is opening a branch in another country to buy and manage mines.

NMDC is looking at buying mines for minerals like coal, lithium, and copper in places like Australia, Indonesia, and Africa.

They have a plan to check out each potential mine, with steps like visiting the site and checking how much it's worth.

NMDC is planning to work alone at first, but might team up with others later on.

The entire process of acquiring assets will take over a year or two.