https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

NMDC Eyes Global Expansion into Critical Minerals, Shortlists Key Assets Across Continents

NMDC launches Dubai hub and explores critical mineral assets in Africa, Australia, and South America.
Indian Masterminds Stories

NMDC Limited, India’s top iron ore miner, is planning a strategic expansion into critical mineral blocks overseas. CMD Amitava Mukherjee confirmed that the company is evaluating assets across Africa, Australia, and South America, marking a major diversification move.

Dubai Office as Strategic Launchpad

NMDC recently inaugurated a Dubai office to serve as a global nerve centre. The facility will monitor market developments, conduct due diligence, and liaise with governments and local partners. It plays a critical role in expediting overseas acquisitions for the company.

Also Read: NMDC Powers Tribal Healthcare Dreams with Fully-Funded Courses for Chhattisgarh Youth

Targeting Key Minerals Globally

The company is eyeing high-value minerals: lithium, copper, cobalt, and iron ore in Africa. It’s also exploring coking coal assets in Australia and Indonesia. Mukherjee confirmed NMDC is evaluating 20 to 25 asset proposals, with eleven critical-blocks shortlisted for detailed study.

Collaborating with International Partners

NMDC’s subsidiary, Legacy Iron Ore, has already signed a lithium exploration agreement with Australia’s Hancock Prospecting. Earlier, NMDC and Coal India jointly explored lithium prospects in Chile and Australia under government-led initiatives.

About NMDC

NMDC Limited is a Navratna public sector company under the Ministry of Steel. Based in Hyderabad, it leads India’s iron ore output and operates diamond and magnetite mines. The company is targeting an increase in iron ore production to 55 million tonnes in FY 26 and 100 million tonnes by 2030. NMDC is now diversifying into critical minerals like lithium, copper, cobalt, and coking coal.

Also Read: NMDC Slashes Iron Ore Prices by Up to Rs 600 per Tonne Amid Weak Market Demand


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Bihar Cabiner meeting expressways
Bihar's Infrastructure Leap: 12 Districts to Benefit as New Greenfield Expressway Cuts Raxaul-Haldia Travel to Under 10 Hours
Bhupendra Patel CM Gujarat Cooperative
Gujarat Charts Grand Plan for International Cooperative Year 2025 under CM Patel’s Leadership - Details Inside
ministry of information and broadcasting MIB
MIB Issues Transfer & Posting Orders for 31 IIS Officers Across Media Units, Effective Immediately - Check Details Here
Bihar Government-resized-IM
Cane to Cash: Bihar Govt Rolls Out Rs49 Crore Scheme to Boost Sugarcane Farming and Farmer Incomes
bureaucracy news
Anil Kumar Singhal Repatriated to Andhra Pradesh Cadre; FSIB Chairperson & Members Get One-Year Extension
Bhupendra Patel CM Gujarat
Gujarat Secretariat Leads the Way in Reducing Plastic Usage with 'Sakhi Neer' Glass Bottling Initiative
temple
Ghela Somnath Mahadev Temple to Shine with Rs10 Cr Redevelopment Plan, Echoing ‘Vikas Bhi, Virasat Bhi’ Vision
PESB
PESB Selects Nripendra Nath as New Director (Technical) for CMPDIL - Know More About Him
ADVERTISEMENT
ADVERTISEMENT
Videos
Inderjit Singh Air India
Is Air India Carrying The Burden of Split Before Privatisation?
Ex IRS C Rajendiran
Ex-IRS Officer C. Rajendiran Illuminates Thirukkural’s Timeless Wisdom in Exclusive Interview
WhatsApp Image 2025-06-25 at 5.07
Why Has the DGCA Fined Air India Rs 5 Crore Since Privatisation?
ADVERTISEMENT
UPSC Stories
IPS Deepak Meghani
Deepak Meghani, IPS: A Journey of Focus, Failure, and Quiet Discipline
A passionate writer, he has authored several books in Gujarati, ranging from exam strategy guides to...
Sanish Kumar Singh
“If you want it badly enough, you’ll find a way,” Sanish Kumar Singh AIR 8, UPSC IFS 2024 
The real interview, he says, was much more humane. “The board was conversational. The chairman opened...
Raju Wagh
When the Battlefield Became a Study Room and a Dream Took Flight
Amid IED blasts and anti-Maoist operations in Bastar, CRPF Commando Raju Wagh taught village kids, studied...
Social Media
Shailaja Chandra
“Nanis & Dadis Have a Brain”: Former IAS Officer Shailaja Chandra Weighs in on 1970s vs 2025 Life Debate - “This Generation Has It Better”
Responding to Viral Post on Middle-Class Struggles, Ex-Bureaucrat Offers Candid Reflection on Then and...
Tigress Arrowhead
The End of an Era: A Queen Falls - Ranthambore’s Iconic Tigress Arrowhead (T-84) Passes Away at 14, Hours After Daughter’s Relocation
Ranthambore mourns the loss of one of its fiercest and most beloved tigers, Arrowhead, the granddaughter...
Screenshot 2025-06-13 194001
Wild Elephant Disrupts Riverside Picnic, Sparks Debate on Human Encroachment; IFS Parveen Kumar Shares the Video - Watch Here!
Mr. Kaswan used the viral video, which has garnered over 1.5 lakh views, to highlight the risks of human...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Bihar Cabiner meeting expressways
Bihar's Infrastructure Leap: 12 Districts to Benefit as New Greenfield Expressway Cuts Raxaul-Haldia Travel to Under 10 Hours
Bhupendra Patel CM Gujarat Cooperative
Gujarat Charts Grand Plan for International Cooperative Year 2025 under CM Patel’s Leadership - Details Inside
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Inderjit Singh Air India
Ex IRS C Rajendiran
WhatsApp Image 2025-06-25 at 5.07
ADVERTISEMENT
ADVERTISEMENT