Ishita Ayan Dutt / Kolkata December 08, 2008, 0:26 IST

In the wake of iron ore price crash, NMDC Spice International has put on hold its proposed acquisition of two iron ore mines in Armenia. NMDC Spice International is a proposed joint venture between state-owned miner NMDC and Spice Minerals and Metals, a part of the Spice Energy group.