National Mineral Development Corporation (NMDC) is set to open and develop new iron ore mines in Chhattisgarh and Karnataka next year. The move is expected to boost steel production.
As part of its expansion plan, the state-owned miner will open a mine each in Bailadila sector in Chhattisgarh and in the Bellary-Hospet region of Karnataka in 2015.
The mine to be opened in the Bailadila sector in Chhattisgarh is in the Deposit-11 B iron ore project while the one in Karnataka is part of the Kumaraswami ion ore mines.
By developing new mining facilities and expansion of existing infrastructure, NMDC plans to boost its iron ore output in the next five years from about 30 million tpa to 50 million tpa. The company’s output was 10 million tonne in 2013-14.
NMDC has also acquired coking coal assets in Mozambique and exploration is in progress for gold in the three leases acquired in Tanzania.
More Project Info:
Bailadila Iron Ore 11/B Project
Kumaraswamy Iron Ore Mines Project