National Mineral Development Corporation (NMDC), a state-run iron ore miner, has entered into a memorandum of understanding (MoU) with Akron to buy a stake in a potash mine in Russia. NMDC will have 15% stake in the project, the remaining 15% will be shared among Rashtriya Chemicals and Fertilizers (RCF), Kribhco, FACT and National Fertilizers.
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