NMDC has issued a clarification regarding recent news about the company exploring coal reserves in Canada. NMDC is actively scouting for mineral assets across various geographies, including Canada, as part of its business strategy. These engagements are preliminary, with no binding agreements currently in place. The company emphasized that suitable disclosures will be made upon any firm decisions related to such proposals.
International Mineral Scouting
NMDC is currently engaged in scouting for mineral assets across different geographical locations, which includes Canada. This is in line with the company’s business strategy to identify and secure mineral resources globally.
Status of Engagements
The company clarifies that these engagements are of a preliminary nature. Currently, there are no binding agreements or finalized negotiations related to exploring coal reserves in Canada.
Future Disclosures
NMDC will make suitable disclosures as and when a firm decision is made regarding any proposals. The company remains committed to promptly disclosing any price-sensitive information with the stock exchanges.
Source: BSE
