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NMDC looking to explore minerals like lithium, cobalt in foreign lands

12 Aug 2022 Evaluate

NMDC through Legacy Iron Ore in Australia is looking to explore minerals like lithium and cobalt, which are used in electric vehicles, in foreign lands. Based in Perth, Legacy Iron Ore has a focus on gold, iron ore and base metals. NMDC has 90.02 per cent equity in the company.

The company also has plans to explore other minerals like gold and copper in countries like Africa, Tanzania and Zimbabwe. NMDC will also explore lithium reserves in India as it has got exploration rights in Karnataka.

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.

NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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