NMDC Expands Horizons with Global Mining Exploration for Critical Minerals
Exploring Global Mining Opportunities
NMDC, the country's largest iron ore miner, is on a quest to explore mining opportunities for critical minerals abroad. This initiative includes a focus on lithium blocks in Australia, as the national mineral development corporation ramps up its efforts in the burgeoning clean energy sector. Critical minerals such as copper, lithium, nickel, and cobalt are essential for various technologies, from electric vehicles to wind turbines.
Enhancing Production Capacity
The company is also set to increase its iron ore production capacity nearly to 100 million tonnes (MT) by 2030, in response to the growing domestic and international demand facilitated by rapid industrialization. There is a strong focus on developing infrastructure for improved efficiency and sustainability.
- The transition involves significant investments exceeding Rs 2,200 crore allocated for FY25.
- Key initiatives encompass advanced slurry pipelines, beneficiation plants, and a robust stockyard network.
- Production plans include a four million tonne per annum (MTPA) beneficiation plant in Bacheli.
Commitment to Sustainability
In addition, NMDC aims to reduce dependence on coking coal imports by beginning production from its eight million tonnes coking coal block by December next year. The CMD emphasizes responsible production that mitigates environmental impacts while uplifting local communities.
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.