NMDC is in discussions with Vietnam-based Masan Resources to acquire a considerable stake in its Nui Phao polymetallic mine. The mine, which has rich reserves of tungsten mineral, is located in Thai Nguyen province in Northern Vietnam. A decision will be arrived only after a due diligence. At present, India mostly imports tungsten for its domestic requirements due to high production cost of the metal.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.