Why in the News?

Recently, Shri Nagendra Nath Sinha, Secretary, Ministry of Steel, unveiled a groundbreaking ceremony for the Mining operations at Mount Celia Gold Project located in Western Australia.

About National Mineral Development Corporation (NMDC):

• National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India.
• It is the single largest producer of iron ore in India.
• It owns and operates highly mechanized iron ore mines in Chhattisgarh and Karnataka.
• The registered office is situated in Hyderabad, Telangana.
• NMDC is considered to be one of the low-cost producers of iron ore in the world.
• It also operates the only mechanized diamond mine in India at Panna, Madhya Pradesh.
• The company is involved in the exploration of a variety of minerals, including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
• Most of the high-quality iron ore produced by NMDC is sold to the Indian domestic steel industry through long-term contracts.