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National Mineral Development Corporation

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NMDC executes and registers 4 of its iron ore mining leases in Chhattisgarh

The mining lease areas for deposit-5, 10, 14 and 14 NMZ are 540.05 Ha, 309.34 Ha, 322.36 Ha and 506.74 Ha respectively.

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  • The state-run miner posted a marginal 0.7% rise in production of iron ore up to the month of December 2019 (Apr-Dec' 2019) at 22.01 mt, compared to a production of 21.85 mt in the same period last year.

    A Graduate Mining Engineer of 1985 batch from Indian School of Mines, Dhanbad, Mr Shukla has completed a M.Tech. in Environmental Engineering and also has a law degree. He has vast experience of the Indian mining Industry, having started his career at Central Coalfields where he worked there more than 21 years, before joining NMDC in October, 2006.

    Both the blocks -- located at an aerial distance of 10-15 km apart -- are located at Hazaribagh district of Jharkhand.

    ​The notification was issued by the Regional Control of Mines, Indian Bureau of Mines, Bangalore. The state-owned miner termed the development as "a milestone in enhancement of production from its Kumaraswamy mines from the existing EC capacity to 10 mtpa".

    The mines are located in Bailadila region which contains some of the best quality iron ore in the country. The move will boost NMDC's prospects as it removes all uncertainty about extension of its mining leases in Bailadila beyond March 2020.

    CMPDI will prepare tender documents, conduct technical assistance in evaluation of offers, approve design drawings & offer periodic supervision during execution. For the coal handling plants with washery, CMPDI will prepare tender documents, offer technical assistance in evaluation of offers and approve design drawings. The MOU is for a period of 3 years.

    NMDC also posted a marginal rise in iron ore production to 18.89 million tonne between April -November 2019 as against a production of 18.75 mt upto November 2018. While NMDC's Chhattisgarh mines accounted for a production volume of 13.33 mt (against 12.24 mt last year), its Karnataka mines contributed 5.45 mt in April-November 2019.

    This would be the second steel plant that has been proposed in Kadapa district in the Rayalaseema region of the state. As the Centre allegedly did not come forward to set up the steel plant in Kadapa as per the AP Reorganisation Act, 2014, the state government decided to establish one on its own and the Chief Minister laid the foundation stone for it on December 23 last.

    Cumulative production of iron ore up to October 2019 was recorded at 15.95 mt against 15.47 mt up to October 2018, while production in October 2019 went down to 2.49 mt against 3.23 mt in October 2018. NMDC reported the provisional production and sales figures in a notification to the BSE on Monday.

    ICICI Securities, in its research report, said that renewal of mining leases in March 2o20 is a golden opportunity for the National Mineral Development Corp to permanently enhance its mining share in domestic iron ore production.

    The state-run firm also cut the prices for iron ore fines, which is inferior grade ore, by Rs 200 to Rs 2,460 per tonne, NMDC said in a BSE filing.

    Power Grid Corp has decided to launch an Infrastructure Investment Trust (InViT).

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