The full form of NMDC is National Mineral Development Corporation. With around 30 million tonnes of iron ore produced annually from its mines in Karnataka and Chhattisgarh, NMDC Limited is India’s largest exporter and producer of the mineral.
It was founded in 1958 as a publicly traded company owned and run by the Indian government, India. Its administrative headquarters are in Hyderabad, India, and the Ministry of Steel of the Indian government governs it.
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Features of NMDC
- Become a premier steel manufacturer with a positive attitude toward social development and a global association for mining that is ecologically responsible.
- Maintaining its position as the leading iron producer in India, establishing itself as a premium steel maker, and growing the business through the purchase and operation of various iron ore, coal, and other mineral resources in India and abroad, resulting in high investor satisfaction.
Key goals of NMDC
- Growing its mineral processing operations to satisfy the increasing demands of the domestic and international markets
- To fulfil requirements for per capita income, cost-effectiveness, and value-added on the global stage
- Increased iron ore production to 50 MTPA by 2018–19 and 67 MTPA by 2021–22
- The construction of the Nagarnar Steel Plant
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Running Mines
- Bailadila Iron Ore Mine, Kirandul Complex, South Bastar District, Dantewada
- Bailadila Iron Ore Mine, Bacheli Complex, South Bastar District, Dantewada
- Karnataka’s Donimalai Iron Ore Mine is located in the Bellary district. Due to a royalties disagreement in December 2019, it has been put on hold for more than a year.
- Project Diamond Mining, Majhgawan, Panna