NMDC to increase production, explore mining
10 years, 3 months ago

NMDC to increase production, explore mining

India TV News  

Kolkata: The National Mineral Development Corporation aims to increase its production by 70 per cent within the next 10 years and has received approval from the central government to explore mining in India. The NMDC has plans to start an extensive exploration process now," NMDC chairman and managing director Narendra Kothari said on the sidelines of a programme here on Wednesday. "The per capita mineral consumption in India is the lowest among BRIC countries," Kothari said. As production increases on the domestic front, the state owned company is also planning to increase its exports from about 6 per cent to 10 per cent in the next two years.

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History of this topic

NMDC leadership update: Amitava Mukherjee appointed chairman, MD of India’s largest iron ore producer
Trending News
3 weeks ago

NMDC leadership update: Amitava Mukherjee appointed chairman, MD of India’s largest iron ore producer

Live Mint  

NMDC leadership update: State-owned iron ore miner NMDC announced on Thursday, March 6, that it has appointed Amitava Mukherjee as the new Chairman and Managing Director of the public sector undertaking. NMDC leadership update Joining NMDC as Director in November 2018, Mukherjee held the additional charge of CMD from March 2023 onwards. He also serves as the Chairman of NMDC …

NMDC’s iron ore output rose 18% in February on flat sales
3 weeks, 5 days ago

NMDC’s iron ore output rose 18% in February on flat sales

The Hindu  

State-owned iron ore miner NMDC reported an almost 18% increase in production to 4.62 million tonne for February from the 3.92 MT a year earlier. “Consistent growth like this is an outcome of an efficient mining ecosystem driven by an innovative and ingenious spirit. NMDC has committed to build a 100 MT iron ore mining capacity by 2030 and towards …

NMDC and SAIL’s R&D facilities ink MoU
1 month, 2 weeks ago

NMDC and SAIL’s R&D facilities ink MoU

The Hindu  

Public sector enterprises NMDC and SAIL, through their research and development facilities, have signed a MoU to leverage their collective expertise for the advancement of steel industry. The collaboration aims to drive innovation in mineral processing and coal utilisation, with a focus on developing advanced beneficiation techniques to upgrade low/lean-grade iron ore and enhance coal processing efficiency, critical for strengthening …

NMDC plans over ₹70,000 cr. capex to double production to 100 MT by 2030
1 month, 3 weeks ago

NMDC plans over ₹70,000 cr. capex to double production to 100 MT by 2030

The Hindu  

State-owned miner NMDC will invest more than ₹70,000 crore over the next five years on augmenting production to 100 million tonnes, building evacuation infrastructure and transforming the digital ecosystem. We are looking at a capital expenditure of approximately ₹70,000 crore,” CMD Amitava Mukherjee told a vendor meet the iron ore producer hosted in Hyderabad on Tuesday. Collaborative mode The company …

India's NMDC to extract diamonds worth $3.4 mln from mine near tiger reserve
2 months ago

India's NMDC to extract diamonds worth $3.4 mln from mine near tiger reserve

The Hindu  

India's state-run miner NMDC is expected to extract 6,500 carats of diamonds, worth $3.4 million, this fiscal year from ores in a mine near a tiger reserve, after receiving mining clearances last year, two sources said. The NMDC, which has not yet started new rounds of mining, is focusing on extracting and processing diamonds from ore stockpiles at its Panna …

NMDC Hikes Iron Ore Prices by Rs 200 Per Tonne
4 years, 5 months ago

NMDC Hikes Iron Ore Prices by Rs 200 Per Tonne

News 18  

The country's largest iron ore miner NMDC on Thursday increased rates of the mineral by Rs 200 to Rs 3,450 a tonne with immediate effect. In a BSE filing, NMDC said it has increased the price of lumps or high-grade iron ore by Rs 200 to Rs 3,450 per tonne, and that of iron ore fines or inferior grade ore …

SAIL open to partnering NMDC
15 years, 6 months ago

SAIL open to partnering NMDC

The Hindu  

Steel Authority of India Limited Chairman and Managing Director S. K. Roongta on Friday indicated that the company was open to joining hands with NMDC for setting up a steel plant in Karnataka, primarily catering to sectors such as automobile and consumer durables. NMDC, the largest iron ore miner, has proposed the setting up a five million tonnes per annum …

Rashtriya Ispat seeks to combine with NMDC
16 years, 9 months ago

Rashtriya Ispat seeks to combine with NMDC

Live Mint  

Kolkata: The management of state-run Rashtriya Ispat Nigam Ltd, or RINL, said it has told the steel ministry that it wants to combine with the country’s leading miner NMDC Ltd, earlier known as National Mineral Development Corp. Ltd, to better access iron ore. P.K. RINL, according to Bishnoi, is “open to all options.” Its management wouldn’t object to the company …

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