NMDC Limited is set to secure mining lease for Sansangora deposit in Jharkhand. The company, which had already obtained mining lease for Kumaraswamy deposit in Karnataka and deposit-11B in Bailadilla (Chhattisgarh), expects to increase its production by 65-70 per cent with these new and existing mines in the next three to four years.
With the offtake of iron ore produced from its mines dipping by nearly 38 per cent during the past two months sending jitters through the steel ministry, state-run National Mineral Development Corporation (NMDC) is set to ask its buyers to lift at least 90 per cent of their contracted ore agreed under their Long Term Agreements (LTAs), failing which the navratna company may review their LTAs.
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.
National Mineral Development Corporation (NMDC), the country's largest producer and exporter of iron ore, has reduced ore prices by 25 per cent, with effect from December 1. A decision to this effect was taken by the public sector undertaking's board at its meeting held on Thursday.
Public sector diversified mineral resources company NMDC is planning to bring a foreign partner for its proposed joint venture for thermal coal mining in West Bengal, and has even held talks with Rio Tinto, the world
KOLKATA: Navratna public sector National Mineral Development Corporation (NMDC) will initially invest Rs. 1,000 crore to develop a coal mining project in Birbhum district in West Bengal, Chairman and Managing Director Rana Som said.
Panna tiger reserve Diamond mine gets the go-ahead Enlarge View Supreme Court revokes ban on diamond mine in tiger zone the Supreme Court on August 13 gave the go-ahead to the National Mineral Development Corporation (nmdc), a public sector undertaking, to resume diamond mining operations in the
