NMDC-MECL ink agreement for pan-India mineral exploration
COAL & MINING

NMDC-MECL ink agreement for pan-India mineral exploration

The country’s largest iron ore producing company, the National Mineral Development Corp. (NMDC) Ltd signed a memorandum of understanding (MoU) with the Mineral Exploration Corp. Ltd (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals across various states.  

This coming together of the two leading Indian exploration agencies under the management of the Central Government implies better synergies in mineral exploration and allied works. It is expected to help establish resources and reserves of various minerals and ores and their extraction while identifying unexplored mining areas. This will support the Central Government’s Aatmanirbhar Bharat Abhiyan initiative and extend the commitment towards mineral security for the nation.

Commenting on the occasion, Sumit Deb, Chairman & Managing Director, NMDC, said, “I hope this venture accomplishes the mission of strategic and beneficial exploration for both the companies and concentrate on high priority exploration areas and helps in realising the overall objective of promoting domestic production of previously imported items to foster self-reliance. NMDC has been a pioneer in mining and is also venturing into coal at Tokisud North Coal Mine, and Rohne Coal Mine in Jharkhand.

PK Satpathy, Director Production NMDC Ltd is associated in finalisation of this MoU and further mentioned that NMDC is using technologies like space geophysics EIGEN 6C4 gravity field models for diamond explorations in Madhya Pradesh and said NMDC is also preparing mobile geographic information system (GIS) study using the Bhuvan Platform app in all its exploration programmes.

Dr. Ranjit Rath, CMD, Mineral Exploration Corporation Ltd, stated, “MECL is well poised to augment and expedite exploration coverage for all mineral commodities pan-India. Earlier, MECL has conducted successful exploration for NMDC in Shahpur East and Shahpur West Coal blocks in Madhya Pradesh. I hope this MoU turns out to be successful and fruitful.”

NMDC is presently producing about 35 million tonnes (MT) of iron ore annually from its fully mechanised mines in Bailadila Deposit- 14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Kumaraswamy Iron Ore Mines (Karnataka State). NMDC produces most of the diamonds from the Diamond Mining Project, Panna in Madhya Pradesh. NMDC also has set up a research and development centre for the study of ore beneficiation and minerals processing.

MECL has been carrying out mineral exploration activities since 1972 and is the premier exploration agency in the country. With its strategic growth plan under Vision-2030, MECL has emphasised providing, exploration and consultancy services for different minerals in India and overseas geographies on behalf of other agencies including the public sector, private sector and state governments on mutually agreed terms and conditions.

The country’s largest iron ore producing company, the National Mineral Development Corp. (NMDC) Ltd signed a memorandum of understanding (MoU) with the Mineral Exploration Corp. Ltd (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals across various states.  This coming together of the two leading Indian exploration agencies under the management of the Central Government implies better synergies in mineral exploration and allied works. It is expected to help establish resources and reserves of various minerals and ores and their extraction while identifying unexplored mining areas. This will support the Central Government’s Aatmanirbhar Bharat Abhiyan initiative and extend the commitment towards mineral security for the nation.Commenting on the occasion, Sumit Deb, Chairman & Managing Director, NMDC, said, “I hope this venture accomplishes the mission of strategic and beneficial exploration for both the companies and concentrate on high priority exploration areas and helps in realising the overall objective of promoting domestic production of previously imported items to foster self-reliance. NMDC has been a pioneer in mining and is also venturing into coal at Tokisud North Coal Mine, and Rohne Coal Mine in Jharkhand.PK Satpathy, Director Production NMDC Ltd is associated in finalisation of this MoU and further mentioned that NMDC is using technologies like space geophysics EIGEN 6C4 gravity field models for diamond explorations in Madhya Pradesh and said NMDC is also preparing mobile geographic information system (GIS) study using the Bhuvan Platform app in all its exploration programmes.Dr. Ranjit Rath, CMD, Mineral Exploration Corporation Ltd, stated, “MECL is well poised to augment and expedite exploration coverage for all mineral commodities pan-India. Earlier, MECL has conducted successful exploration for NMDC in Shahpur East and Shahpur West Coal blocks in Madhya Pradesh. I hope this MoU turns out to be successful and fruitful.”NMDC is presently producing about 35 million tonnes (MT) of iron ore annually from its fully mechanised mines in Bailadila Deposit- 14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Kumaraswamy Iron Ore Mines (Karnataka State). NMDC produces most of the diamonds from the Diamond Mining Project, Panna in Madhya Pradesh. NMDC also has set up a research and development centre for the study of ore beneficiation and minerals processing.MECL has been carrying out mineral exploration activities since 1972 and is the premier exploration agency in the country. With its strategic growth plan under Vision-2030, MECL has emphasised providing, exploration and consultancy services for different minerals in India and overseas geographies on behalf of other agencies including the public sector, private sector and state governments on mutually agreed terms and conditions.

Next Story
Infrastructure Urban

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Next Story
Infrastructure Urban

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Next Story
Infrastructure Energy

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement