NMDC has inked a Tripartite MOU with Government of Madhya Pradesh (Directorate of Geology and Mines (DGM) through Mineral Resource Department (MRD)) and Madhya Pradesh State Mining Corporation (MPSMCL). The MOU is for geological & geophysical exploration of various minerals in state of Madhya Pradesh.
NMDC had made intentions to invest during the Global Investors Summit held in October, 2016 for exploration for different minerals in various districts of Madhya Pradesh over an area of approximately 7,200 square kilometers. NMDC has explored several deposits for over five decades within and outside the country and has established deposits of iron ore, copper, limestone, dolomite, bauxite, diamond, sapphire etc.
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.
