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NMDC gets extension of mining leases

18 Dec 2019 Evaluate

NMDC has received extension in respect of the Mining Leases of Deposit 14, Deposit14-NMZ, Deposit-10 and Deposit- 5 for a period of 20 years with effect from September, 2015 up to the year 2035 as per provisions of the Mineral (Mining by Government Company) rules 2015. The extension letters have been issued by the Government of Chattisgarh for mining of iron ore in the Balidila region from the State of Chattisgarh. The Mining Leases was valid up to March 31, 2020.

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.

Peers
Company Name CMP
Coal India 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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