NMDC lines up Rs 2,450-crore capex

Chennai : NMDC Ltd, the public sector mining major, has lined up capex of Rs 2,450 crore for various mining projects. The proposed investments will take NMDC’s capacity to 50 million tonnes per annum (mtpa). The company also initiated a dialogue with a US-based company, to procure technology, to produce coke-equivalent in India from thermal coal. NMDC also said it is looking for a partner to promote a gold mine in Tanzania.

According to the company's annual report, to compensate the depleting reserve of its Donimalai iron ore mine and augmenting production capacity towards achieving the target of 50 mtpa, construction of the

Kumaraswamy mine with a capacity of seven mtpa was envisaged.