Indian state-owned mining company (NMDC) last month for a $12.3 million extra for Legacy of Australia iron ore company about 30% stake, before its stake from 48.82% to 78.56%.

NMDC is through exercise its closes to complete the purchase of such shares. In 2011, NMDC shares nearly 50% to a $18.89 million acquisition of Legacy iron ore company.

Legacy iron ore companies need to raise a $25 million Mt Bevan iron ore development and promote its further exploration and development of other assets, as well as pay for the bank to a $3 million loan.