NMDC expands its mineral portfolio with inauguration of Mount Celia Gold Operation; Becomes 1st Gold mine in its extensive portfolio

The National Mineral Development Corporation (NMDC) is a pivotal public sector enterprise in India that plays a crucial role in the exploration and exploitation of the country’s vast mineral resources. Established in 1958, NMDC has grown to become a significant player in the Indian mining industry, contributing substantially to the nation’s economic development.

 NMDC, a Public Sector Undertaking (PSU) under the Ministry of Steel, 

A Brief History of NMDC

NMDC’s journey began in 1958 when it was incorporated as a public sector undertaking under the administrative control of the Ministry of Steel, Government of India. The corporation was primarily established to explore and exploit minerals like iron ore and other valuable ores to support India’s growing steel industry. Over the years, NMDC’s role has expanded to cover a wide range of minerals, including diamonds, gold, tin, and more.

NMDC’s Mission

NMDC’s mission is to provide a sustainable supply of high-quality minerals and meet the raw material requirements of the Indian industry. The corporation aims to maintain a leadership position in the mining sector while upholding its commitment to environmental and social responsibility.

NMDC Limited, previously known as the National Mineral Development Corporation, is an esteemed Indian public sector enterprise dedicated to the exploration and extraction of a diverse range of minerals. Its portfolio encompasses iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, coal, and more. NMDC stands as India’s foremost iron ore producer and exporter, boasting an impressive annual output of over 35 million tonnes of iron ore, sourced from three highly mechanized mines situated in Chhattisgarh and Karnataka. Additionally, NMDC is the sole operator of a state-of-the-art diamond mine, characterized by its mechanized operations, situated in Panna, Madhya Pradesh, and it plays a pivotal role in the diamond industry of the nation.

Operations

1. Iron Ore Mining: NMDC’s flagship product is iron ore, and it operates several mines in India, including the Bailadila mines in Chhattisgarh and Donimalai mines in Karnataka. These mines are known for their high-quality iron ore deposits, making them valuable assets for the steel industry.

2. Diamond Mining: NMDC also explores and mines diamonds at the Panna Diamond Mines in Madhya Pradesh. The corporation plays a vital role in the extraction of precious stones, contributing to India’s gem and jewelry sector.

3. Gold Mining: NMDC has ventured into gold exploration and mining in the Hutti Gold Mines in Karnataka. The gold extracted from these mines is essential for India’s growing demand for the precious metal.

4. Other Minerals: NMDC is involved in the mining of various other minerals, such as tin, copper, and tungsten. These minerals are critical for industries ranging from electronics to manufacturing.

Impact on India

1. Economic Contribution: NMDC’s activities significantly contribute to India’s economic growth. The sale of minerals, especially iron ore, generates substantial revenue for the government. This revenue is essential for infrastructure development and social welfare programs.

2. Employment Generation: NMDC is a significant source of employment in the regions where it operates. The corporation provides job opportunities to a diverse workforce, contributing to the socio-economic development of these areas.

3. Steel Industry Support: NMDC’s iron ore mines are crucial for the Indian steel industry, which is one of the largest and fastest-growing steel industries globally. The consistent supply of high-quality iron ore ensures the steel sector’s growth and competitiveness.

4. Infrastructure Development: The revenue generated by NMDC is often reinvested in infrastructure development in the regions where it operates. This includes building schools, hospitals, and other essential amenities for the local population.

5. Environmental Responsibility: NMDC is committed to sustainable mining practices and environmental protection. It actively participates in reforestation and wildlife conservation efforts in the areas affected by mining activities.

As India’s demand for minerals continues to grow, NMDC’s role becomes increasingly vital in ensuring a sustainable and responsible supply of these essential resources.

Mount Bevan mine in Australia: 

In Australia, Legacy Iron Ore, a majority-owned NMDC company, holds majority stakes in gold and iron ore projects in Western Australia. In 2023, NMDC started exploring for Lithium reserves in the company’s, majority owned, Mount Bevan mine in Australia.

NMDC Limited was awarded the Corporate Social Responsibility Award Global Metals Award 2018 in the Corporate Social Responsibility category in London, the first time since inception that an Indian company received the award.

Source: PIB

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