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

16 Aug 2022 CW Team

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.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..