Gujarat Mineral Development Corporation (GMDC) is keen to establish a Rare Earth Elements (REE) Processing Plant in the country as REEs are essential for developing green energy technologies like permanent magnets for Electric Vehicles & wind turbines and LEDs, thereby helping India reduce carbon footprint.
GMDC is looking at conducting a scoping study to determine the economic viability of the project and outline at least one opportunity to develop the processing plant for the deposit at Ambadongar, Chotaudepur District in Gujarat state in India.
As the next stage for entry into the sector and setting up the business, GMDC proposes to conduct a pre-economic assessment for the Ambadongar deposit involving, among other things, formulating a process flow design and all relevant testing for beneficiation and REE oxide production in line with Government of Gujarat's vision of establishing a complete value chain for Rare Earth Elements in Gujarat, estimating the investments required for such ventures and possible returns over the project time horizon.
Gujarat Mineral Development Corporation (GMDC) is engaged in business of mining and mineral processing.
