<h1>NMDC Acquires 50% Stake in Legacy Iron Ore for Rs. 99.63 Crore, Enhancing India's Mineral Security.</h1> The Cabinet Committee on Economic Affairs acknowledged the acquisition of 50% equity in Legacy Iron Ore Limited by NMDC Limited, a Navratna PSU, for Rs. 99.63 crore. This marks NMDC's first overseas acquisition of iron ore resources, aiming to enhance mineral security for India's domestic industry. The acquisition process is complete, granting NMDC majority control over Legacy's board and management. The investment was sourced from NMDC's internal funds. Legacy, an Australian exploration company, focuses on iron ore and other minerals, with significant projects like the Mt Bevan iron ore project and South Laverton Gold Project.