India's state-owned miner National Mineral Development Corporation (NMDC) has announced that it has established a 50/50 joint venture (JV) company with South Africa-based Kopano Logistics Services Ltd to undertake exploration and development of mineral properties in South Africa.
NMDC stated that, with clarity appearing in the new mining law 2018 of South Africa, the new joint venture, namely, Kopano-NMDC Minerals (Pty), is actively scouting for exploration and development of various mineral assets in South Africa.
India-based The Economic Times reported that NMDC, which has been keen on acquiring coal assets in South Africa, is now looking for other mineral assets including steelmaking minerals such as iron ore and manganese.