Unlocking Mining Opportunities: NMDC's Focus on Critical Minerals and Sustainable Growth

Thursday, 12 September 2024, 04:36

NMDC is pioneering mining opportunities for critical minerals, including lithium and iron ore, to support clean energy innovation. As the largest iron ore miner in India, NMDC's commitment to sustainable growth and substantial investment in critical minerals is crucial for the future of clean energy technologies and the country's industrial development.
Indiatimes
Unlocking Mining Opportunities: NMDC's Focus on Critical Minerals and Sustainable Growth

NMDC's Ambitious Plans for Critical Minerals

NMDC, the largest iron ore miner in India, is actively pursuing overseas mining opportunities for essential critical minerals like lithium, nickel, and cobalt through its subsidiary, Legacy India Iron Ore Ltd. This initiative aligns perfectly with the surge in demand for clean energy technologies.

Strategic Investments and Sustainable Growth

  • Investment in Coking Coal and Community Commitment: NMDC plans to produce eight million tonnes of coking coal by December next year to reduce reliance on imports.
  • Production Expansion and Infrastructure Development: The company aims to nearly double its production capacity to 100 million tonnes by 2030.
  • Innovative Infrastructure Enhancements: Key initiatives include advanced slurry pipelines, pellets, and beneficiation plants to bolster efficiency and sustainability.

Focus on Environmental Responsibility

As stated by Amitava Mukherjee, CMD (Additional Charge), NMDC is devoted to boosting production while minimizing environmental impact and enhancing community well-being. A capital expenditure exceeding Rs 2,200 crore allocated for FY25 highlights the seriousness of this commitment.


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.


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