Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
India’s government-owned and -operated MMTC Limited is planning to float a fully-fledged trading company in South Africa to leverage the region’s mineral assets and offset falling iron-ore exports at home. According to a strategic plan drawn up by the country’s largest trading house, the South African base would enable MMTC to expand its footprint across the continent and make up for the trading volumes that India lost in the international iron-ore trade business.
India’s government-owned and -operated MMTC Limited is planning to float a fully-fledged trading company in South Africa to leverage the region’s mineral assets and offset falling iron-ore exports at home. According to a strategic plan drawn up by the country’s largest trading house, the South African base would enable MMTC to expand its footprint across the continent and make up for the trading volumes that India lost in the international iron-ore trade business.
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