NMDC seeks new iron-ore leases through preferential allotment


NMDC seeks new iron-ore leases through preferential allotment

India’s largest iron-ore miner, NMDC, will be able to ramp up its yearly production from 30-million tons currently to 75-million tons by 2019 and 100-million tons by 2022, if it were awarded additional mining leases in iron-ore-bearing provinces.

NMDC has conveyed to the government that its current operational mines, which are predominantly located in the central province of Chhattisgarh, will be a limiting factor in rapidly expanding production capacities, unless it is able to secure fresh mining leases in other geographies.

The government-owned and -managed miner has communicated that the government should allocate fresh mining leases under the preferential route as per the newly amended mining legislative norms.Read More…

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