State-run miner NMDC is likely to soon sign an MoU with Vietnam-based Masan Resources for a possible acquisition of a minority stake in a tungsten mine in the Southeast Asian nation, a top company official said today.
The 445-km Kothavalasa-Kirandul line, popularly called the KK line, runs through the dense mountains of the Eastern Ghats.
State-owned National Mineral Development Corporation (NMDC) is awaiting the Union Cabinet’s approval to acquire a minority stake in a tungsten mine in Vietnam as part of India’s effort to reduce dependence on China for this key raw material used for defence purposes.
State-owned NMDC Ltd today said that Bastar Railway Private Ltd (BRPL) and IRCON have signed a project execution agreement, under which the latter will construct a 140-km long railway line between Jagdalpur to Rawghat in Chattisgarh.
The process for strategic divestment of NMDC’s Nagarnar Steel plant in Chhattisgarh has kicked-off, the company said today.
DELHI: India’s largest iron ore miner NMDC today said it produced 8.52 million tonne ore in the April-June quarter.
The steel ministry is considering an advisory group for public sector miner NMDC to rein in any potential price surge in iron ore, sources said.
Indian sponge iron or direct reduced iron (DRI) manufacturers are facing an acute shortage of iron-ore despite the government liberalising norms for the allocation of iron
The Ministry of Steel is taking a three-pronged approach to support the domestic industry, which has faced low demand and the influx of cheap imports.
As the reserves of India’s only mechanised diamond mine at Panna are depleting, its owner National Mineral Development Corporation (NMDC)