NMDC seeks additional iron ore block for its JV in Chhattisgarh state

Friday, 27 April 2018 11:56:13 (GMT+3)   |   Kolkata
       

Indian government-owned miner NMDC Limited has sought one more iron ore block in the central Indian state of Chhattisgarh, to achieve aggregate production of 50 million mt per year by the fiscal year 2021-22, company sources said on Thursday, April 26.

The company sources said that NMDC has already floated a joint venture company with Chhattisgarh Mineral Development Corporation called NCL Limited to undertake mining of one iron ore block handed over to the joint venture by the Chhattisgarh government.

An additional iron ore mine sought from the government will enable NMDC to achieve the total production capacity of 50 million mt per year within the next four years, the sources said.

NMDC is also working to follow the joint venture model with the Chhattisgarh government with governments of other iron ore-bearing states like Odisha and Jharkhand and develop iron ore blocks controlled by such local governments, the sources added.


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