Two senior company officials said that state owned NMDC Limited is in talks with Alpha Natural Resources of the US to acquire majority stake in a coking coal mine in that country.

The Hyderabad based miner has signed a confidentiality agreement with Alpha Natural Resources and is undertaking the due diligence process for the mine.

A delegation from the company may soon visit the US to assess the mine, the officials confirmed.

However, NMDC is still in the process of assessing the quantum of the investment required to buy the US coking coal asset.

Source - Free Press Journal