As the reserves of India’s only mechanised diamond mine at Panna are depleting, its owner National Mineral Development Corporation (NMDC), a Navratna public sector undertaking, is increasing its focus on exploring other diamond-rich areas in Madhya Pradesh (MP).
“NMDC is already operating a diamond mine in Panna district (of MP). As a substitute to these mines in future (as the reserves in Panna diamond mine are depleting), NMDC has taken up the areas in MP for diamond exploration,” P K Satpathy, director (production) of NMDC, told The Indian Express. NMDC, India’s largest iron ore producer currently, is operating seven mechanised iron ore mines in Chhattisgarh and Karnataka.
On October 27, 2016, the NMDC signed a tripartite memorandum of understanding (MoU) with Madhya Pradesh Mining Corporation Ltd for exploration in 12 areas – eight out of 12 are diamond-rich areas. Read More…
Credit By : Indian Express.com
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