NMDC eyes new iron ore deposits through auction, Govt dispensation route

摘要

NMDC Ltd plans to pursue allocation of new iron ore deposits both by participation in auctions and the Government dispensation route, even as it seeks to expand its brownfield mines to increase its production target to 67 million tonnes per annum (MTPA). During its 61st Annual General Meeting, NMDC unveiled plans to increase its production capacity to 67 mtpa. The development of a greenfield mine has been planned through a joint venture with Chhattisgarh State Mineral Development Corporation, for which it has appointed a mining developer. This will add 10 MTPA of capacity in the next four-five years.