Not sure if it will benefit LCY as NMDC are investing ~$17 milion in ESI's MATMOR process which they are counting on being a disruptive technology for the Steel industry. Once commercial they will be ahead of the game in India.
They will be signing the Master Project Agreement this Wednesday so there should be some action on ESI's SP.
Not sure how this will help LCY holders, for the MATMOR process to work they require brown coal so if their;s lignite near MT Beven then their could be a potential for a MATMOR plant in Australia but that would be a couple of years away.
NMDC's main purpose for their Australia visit is for the signing on Wednesday but they also I assume visit their other project ie LCY.
***Indian Partner Visit – Week commencing 30th may May 2018
Further to the Company’s announcement of 29 March 2018 confirming the visit dates for next week, there has been a recent shift in timing to accommodate an additional travel requirement by NMDC personnel. ECT India Chairman and Managing Director, Ashley Moore commented, “NMDC has other interests in Australia and sought to combine the two commitments. As such, in responding to an official invitation from ECT Chairman Glenn Fozard, NMDC has requested that the visit be scheduled for the week commencing 30 May.
“The Master Project Agreement (MPA), which the parties intend to formally sign during the visit, represents India’s largest ever government-backed joint R&D Project with an Australian company; a milestone for both India and Australia in demonstrating positive support and bi-lateral benefit under the Australia-India Comprehensive Economic Cooperative Agreement (AICECA). " ***
