NMDC looks to mine lithium, nickel, cobalt in foreign lands
COAL & MINING

NMDC looks to mine lithium, nickel, cobalt in foreign lands

State-owned NMDC is looking to explore for minerals like lithium and cobalt, which are used in electric vehicles, in foreign lands, its chairman and managing director Sumit Deb said last week. The company is also planning offshore mining of copper, nickel and gold.

NMDC Ltd, through Legacy Iron Ore Ltd in Australia, is looking to mine lithium, nickel, and cobalt which are used in EVs, Deb said at a FICCI event. Based in Perth, Legacy Iron Ore Ltd focuses on gold, iron ore and base metals. NMDC has 90.02 per cent equity in the company.

The company also has plans to explore other minerals like gold and copper in countries like Africa, Tanzania and Zimbabwe.

NMDC will also explore lithium reserves in India as "it has got exploration rights in Karnataka", Deb said.

On the upward iron ore price revision by NMDC, Deb said it was a marginal hike by the miner and the demand for the mineral would start picking up from the second quarter onwards.

NMDC, which is the largest iron ore producer and seller in India, on Thursday hiked prices of lump ore by Rs 200 a tonne and fines by Rs 100 per tonne with immediate effect. The company has fixed the prices of lump ore at Rs 4,100 per tonne and that of fines at Rs 2,910 a tonne.

See also:
Germany’s Vitesco sets up Talegaon plant automotive solutions
Mining projects financing to boost as Great Barrier Reef recovers


State-owned NMDC is looking to explore for minerals like lithium and cobalt, which are used in electric vehicles, in foreign lands, its chairman and managing director Sumit Deb said last week. The company is also planning offshore mining of copper, nickel and gold. NMDC Ltd, through Legacy Iron Ore Ltd in Australia, is looking to mine lithium, nickel, and cobalt which are used in EVs, Deb said at a FICCI event. Based in Perth, Legacy Iron Ore Ltd focuses on gold, iron ore and base metals. NMDC has 90.02 per cent equity in the company. The company also has plans to explore other minerals like gold and copper in countries like Africa, Tanzania and Zimbabwe. NMDC will also explore lithium reserves in India as it has got exploration rights in Karnataka, Deb said. On the upward iron ore price revision by NMDC, Deb said it was a marginal hike by the miner and the demand for the mineral would start picking up from the second quarter onwards. NMDC, which is the largest iron ore producer and seller in India, on Thursday hiked prices of lump ore by Rs 200 a tonne and fines by Rs 100 per tonne with immediate effect. The company has fixed the prices of lump ore at Rs 4,100 per tonne and that of fines at Rs 2,910 a tonne. See also: Germany’s Vitesco sets up Talegaon plant automotive solutions Mining projects financing to boost as Great Barrier Reef recovers

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code