NMDC Pursuing Key Mining Opportunities for Critical Minerals and Sustainable Growth
NMDC's Focus on Critical Minerals
NMDC, the largest iron ore miner in India, is actively seeking mining opportunities for critical minerals overseas. The company's recent announcement highlights plans to pursue a lithium block in Australia, essential for clean energy technologies including electric vehicles.
Expanding Production Capacity
- Eight million tonnes of coking coal production expected by December 2024.
- Plans to nearly double production capacity to 100 million tonnes by 2030.
- Increasing reliance on local resources to reduce coking coal imports.
This ambitious plan focuses on advanced slurry pipelines, beneficiation plants, and stockyard networks aimed at enhancing infrastructure.
Commitment to Sustainable Growth
The CMD of NMDC emphasized a roadmap not just focused on production increases but also on responsible and sustainable growth. With an allocation of over Rs 2,200 crore for FY25, the company aims to minimize environmental impacts through significant capital investments.
Key Initiatives for Future Growth
- Development of new processing plants.
- Enhancing rail transport capacity from 28 MTPA to 40 MTPA.
- Construction of a 15 MTPA slurry pipeline.
- Establishment of beneficiation and pellet plants to maximize iron ore resources.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.