National Mineral Development Corporation (NMDC), India’s top iron ore miner, is reportedly planning to double iron ore production from 30 million tonnes in FY14 to 60-65 million tonnes in 2018-19.
Meanwhile, the company is also all set to open and develop new iron ore mines in Chhattisgarh and Karnataka next year, a move expected to boost steel production. The mine to be opened in the Bailadila sector in Chhattisgarh is in the Deposit-11 B Iron Ore Project while the one in Karnataka is part of the Kumaraswami Iron Ore Mines.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
