NMDC's Strategic Move into Critical Minerals and Iron Ore Production

NMDC, India's largest iron ore miner, is tactically pursuing overseas mining ventures for critical minerals such as lithium, cobalt, and nickel. This initiative is to support the rapidly expanding clean energy technologies that depend on these minerals. The corporation's ambition extends to increasing iron ore production capacity from 45 million tonnes to 100 million tonnes by 2030, a move supported by strategic investments in infrastructure.

Focus on Critical Minerals

As part of its global exploration, NMDC is expanding its portfolio internationally, particularly with lithium mining operations in Australia. This expansion is essential for strengthening India's energy transition efforts and reducing dependence on imports.

Enhancing Iron Ore Production

In addition, NMDC plans to start production of a significant coking coal block by December next year, with the goal of achieving greater self-sufficiency. The company's strategic investment plan involves capital expenditures exceeding Rs 2,200 crore allocated for FY25.

Infrastructure Development

• Rail Transportation: Capacity expansion of the KK line from 28 MTPA to 40 MTPA.
• Slurry Pipeline: Laying down 15 MTPA capacity pipelines for iron ore transportation.
• Beneficiation Plant: Developing a 4 MTPA facility in Bacheli.
• Pellet Plant: Plans to expand the Nagarnar plant from 2 MTPA to 6 MTPA.

NMDC’s ambitious roadmap for growth hinges on sustainable practices, with a commitment to reducing environmental impact while enhancing operational efficiency.