NMDC-MECL ink agreement for pan-India mineral exploration
COAL & MINING

NMDC-MECL ink agreement for pan-India mineral exploration

The country’s largest iron ore producing company, the National Mineral Development Corp. (NMDC) Ltd signed a memorandum of understanding (MoU) with the Mineral Exploration Corp. Ltd (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals across various states.  

This coming together of the two leading Indian exploration agencies under the management of the Central Government implies better synergies in mineral exploration and allied works. It is expected to help establish resources and reserves of various minerals and ores and their extraction while identifying unexplored mining areas. This will support the Central Government’s Aatmanirbhar Bharat Abhiyan initiative and extend the commitment towards mineral security for the nation.

Commenting on the occasion, Sumit Deb, Chairman & Managing Director, NMDC, said, “I hope this venture accomplishes the mission of strategic and beneficial exploration for both the companies and concentrate on high priority exploration areas and helps in realising the overall objective of promoting domestic production of previously imported items to foster self-reliance. NMDC has been a pioneer in mining and is also venturing into coal at Tokisud North Coal Mine, and Rohne Coal Mine in Jharkhand.

PK Satpathy, Director Production NMDC Ltd is associated in finalisation of this MoU and further mentioned that NMDC is using technologies like space geophysics EIGEN 6C4 gravity field models for diamond explorations in Madhya Pradesh and said NMDC is also preparing mobile geographic information system (GIS) study using the Bhuvan Platform app in all its exploration programmes.

Dr. Ranjit Rath, CMD, Mineral Exploration Corporation Ltd, stated, “MECL is well poised to augment and expedite exploration coverage for all mineral commodities pan-India. Earlier, MECL has conducted successful exploration for NMDC in Shahpur East and Shahpur West Coal blocks in Madhya Pradesh. I hope this MoU turns out to be successful and fruitful.”

NMDC is presently producing about 35 million tonnes (MT) of iron ore annually from its fully mechanised mines in Bailadila Deposit- 14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Kumaraswamy Iron Ore Mines (Karnataka State). NMDC produces most of the diamonds from the Diamond Mining Project, Panna in Madhya Pradesh. NMDC also has set up a research and development centre for the study of ore beneficiation and minerals processing.

MECL has been carrying out mineral exploration activities since 1972 and is the premier exploration agency in the country. With its strategic growth plan under Vision-2030, MECL has emphasised providing, exploration and consultancy services for different minerals in India and overseas geographies on behalf of other agencies including the public sector, private sector and state governments on mutually agreed terms and conditions.

The country’s largest iron ore producing company, the National Mineral Development Corp. (NMDC) Ltd signed a memorandum of understanding (MoU) with the Mineral Exploration Corp. Ltd (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals across various states.  This coming together of the two leading Indian exploration agencies under the management of the Central Government implies better synergies in mineral exploration and allied works. It is expected to help establish resources and reserves of various minerals and ores and their extraction while identifying unexplored mining areas. This will support the Central Government’s Aatmanirbhar Bharat Abhiyan initiative and extend the commitment towards mineral security for the nation.Commenting on the occasion, Sumit Deb, Chairman & Managing Director, NMDC, said, “I hope this venture accomplishes the mission of strategic and beneficial exploration for both the companies and concentrate on high priority exploration areas and helps in realising the overall objective of promoting domestic production of previously imported items to foster self-reliance. NMDC has been a pioneer in mining and is also venturing into coal at Tokisud North Coal Mine, and Rohne Coal Mine in Jharkhand.PK Satpathy, Director Production NMDC Ltd is associated in finalisation of this MoU and further mentioned that NMDC is using technologies like space geophysics EIGEN 6C4 gravity field models for diamond explorations in Madhya Pradesh and said NMDC is also preparing mobile geographic information system (GIS) study using the Bhuvan Platform app in all its exploration programmes.Dr. Ranjit Rath, CMD, Mineral Exploration Corporation Ltd, stated, “MECL is well poised to augment and expedite exploration coverage for all mineral commodities pan-India. Earlier, MECL has conducted successful exploration for NMDC in Shahpur East and Shahpur West Coal blocks in Madhya Pradesh. I hope this MoU turns out to be successful and fruitful.”NMDC is presently producing about 35 million tonnes (MT) of iron ore annually from its fully mechanised mines in Bailadila Deposit- 14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Kumaraswamy Iron Ore Mines (Karnataka State). NMDC produces most of the diamonds from the Diamond Mining Project, Panna in Madhya Pradesh. NMDC also has set up a research and development centre for the study of ore beneficiation and minerals processing.MECL has been carrying out mineral exploration activities since 1972 and is the premier exploration agency in the country. With its strategic growth plan under Vision-2030, MECL has emphasised providing, exploration and consultancy services for different minerals in India and overseas geographies on behalf of other agencies including the public sector, private sector and state governments on mutually agreed terms and conditions.

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000