This will be the American company's first project in India

The eleventh Conference of Parties (COP 11) to the Convention on Biological Diversity (CBD) to be held here next month is likely to lay emphasis on resource mobilisation for execution of the 10-year 'Strategic Plan' adopted at the tenth summit held in Nagoya of Japan in October 2010.

CBD is an international treaty for the conservation of biodiversity. With 193 Parties, the convention has near universal participation among countries. The tenth CBD had adopted a new ‘strategic plan’ to guide international and national efforts to save biodiversity. The Parties to the convention had agreed to a substantial increase in the level of financial resources in support of the implementation of the strategy.

State-owned NMDC, which had recently struck a deal to acquire 50 per cent in Australia’s Legacy Iron Ore for about Rs 90 crore, is in the process of acquiring five more mines abroad.

State-run iron ore miner NMDC Ltd has finalised a Rs 3,000-crore slurry pipeline project for evacuating ore from its Bailadila mines in Chhattisgarh to Visakhapatnam in Andhra Pradesh.