What is the Full Form of NMDC?

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Full Form of NMDC

The full form of NMDC is National Mineral Development Corporation, which is a public sector undertaking owned by the Government of India. It was established in 1958 with the aim of exploring and exploiting India’s mineral resources and contributing to the country’s economic development.

The corporation is responsible for the exploration, exploitation, and beneficiation of a wide range of minerals, including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.

The NMDC also provides consultancy and technical services in the field of mining and mineral processing. It has mines and plants located across India and also engages in joint ventures with other companies to expand its operations.

Overall, the NMDC plays a vital role in India’s mineral sector, contributing to the country’s growth and development.

Features of NMDC

Become a renowned steel manufacturer with a progressive approach towards social development and a globally responsible mining organisation.

Maintaining its position as India’s leading iron producer, establishing itself as a premium steel manufacturer, and expanding the business through the acquisition and operation of diverse iron ore, coal, and other mineral resources in India and abroad, resulting in high investor satisfaction.

Also Read: How to Become a Geologist?

NMDC’s primary objectives

  • Expanding its mineral processing operations to meet rising domestic and international market demand
  • To meet global standards for per capita income, cost-effectiveness, and value-added
  • Iron ore production will be increased to 50 MTPA by 2018-19 and 67 MTPA by 2021-22.
  • The Nagarnar Steel Plant is being built.

Mine Operations

  • Dantewada’s Bailadila Iron Ore Mine, Kirandul Complex, South Bastar District
  • Dantewada’s Bailadila Iron Ore Mine, Bacheli Complex, South Bastar District
  • The Donimalai Iron Ore Mine in Karnataka is located in the Bellary district. It has been put on hold for more than a year due to a royalties issue in December 2019.
  • Majhgawan Diamond Mining Project, Panna

Also Read: How to Become a Geologist?

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