Hyderabad, Jan. 29: The state owned AP Mineral Development Corporation on Friday signed a Memorandum of Understanding (MoU) with the National Mineral Development Corporation for exploration of low grade iron ore of worth Rs 40,000 crore.
National Mineral Development Corporation (NMDC), Director of Mines and Geology, and Andhra Pradesh Mineral Development Corporation (APMDC) on Friday signed a memorandum of understanding to take up exploration of low-grade iron ore and gold deposits in the State.
The Cabinet Committee on Economic Affairs (CCEA) will consider a proposal of the steel ministry to sell 8.38 per cent government stake in state-owned mining giant National Mineral Development Corporation (NMDC). The mining giant will achieve the 10 per cent public float criterion the government had specified for listed PSUs.
Hyderabad, Nov. 10 The Andhra Pradesh Mineral Development Corporation and the National Mineral Development Corporation (NMDC) are all set to enter into an MoU by this month-end for exploration of iron ore in Kadapa, Kurnool, Chittoor and Karimnagar districts in the State for setting up of benefication plants.
State-owned NMDC today said it was in discussion with the Western Australian government to acquire an iron ore mine for the first time outside the country.
Hyderbad, Aug. 9 The Andhra Pradesh Government is contemplating to float a joint venture company with equal stake from Andhra Pradesh Mineral Development Corporation (APMDC) and National Mineral Development Corporation (NMDC).
The proposed joint venture is meant to focus exclusively on exploration of iron ore and gold deposits.
Karnataka is all set to steal the march over other mineral-rich states in promoting steel production with the B S Yediyurappa government deciding to set up a 540 sq km integrated steel complex in the iron ore-rich Bellary Hospet area of the state.
