The partnership between the two premier Indian exploration agencies under the Government of India is expected to bring in better synergies in mineral exploration and allied works. It will help to establish resources and reserves of various minerals and ores and its extraction while identifying unexplored mining areas, said a joint press statement.
This will support the GoI’s ‘Atmanirbhar Bharat Abhiyan’ initiative extending commitment towards mineral security for the nation, the statement said.NMDC is presently producing about 35 million tonnes of iron ore annually from its fully mechanized mines in Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh state) and Kumaraswamy Iron Ore Mines (Karnataka State). The corporation produces most of the diamonds from the Diamond Mining Project, Panna in Madhya Pradesh. NMDC has also set up an established research and development center for the study of ore beneficiation and minerals processing.
MECL, the premier exploration agency in the country, has been carrying out mineral exploration activities since 1972. With its strategic growth plan under Vision-2030, MECL has emphasised on providing exploration and consultancy services for different minerals in India and overseas geographies on behalf of other agencies including public and private sectors and state governments on mutually agreed terms and conditions.
Speaking on the occasion, Sumit Deb, CMD, NMDC said, “NMDC would like to add value to the Prime Minister’s vision of Atmanirbhar Bharat by domestically fulfilling the demands of the steel industry. I hope this venture accomplishes the mission of strategic and beneficial exploration successfully for both the companies and concentrate on high priority exploration areas and helps in realizing 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 Limited who is associated in finalization of the MoU said that NMDC is using technologies like Space Geophysics EIGEN 6C4 gravity field models for diamond explorations in Madhya Pradesh and it is also preparing mobile GIS study using the app “Bhuvan Platform” in all its exploration programs.
Ranjit Rath, CMD, MECL said, “MECL has surpassed all the past records of 48 years with highest ever turnover, PBT, EBIDTA & PAT and physical productivity. 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.”
Amitava Mukherjee, Director (Finance), Alok Kumar Mehta, Director (Commercial), Somnath Nandi, Director (Technical) of NMDC and RK Jain, HoD, BD, A. Mathur, Head, Corporate Planning & Safety, BP Raturi, General Manager (Exploration & Geological Sciences) of MECL along with senior officials of NMDC and MECL were also present on the occasion.
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