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GMDC undertaking critical geological studies in and around BaseMetal Reserve at Ambaji

07 Oct 2022 Evaluate

Gujarat Mineral Development Corporation (GMDC) has commenced geological studies and on-ground design for mineral exploration programs over 1400Ha area in and around Ambaji mining lease in North-Eastern Gujarat.

The Base-Metal Reserve at Ambaji holds critical and strategic importance in tackling the expected global copper deficit of up to 5 million tonnes by 2030-35. The Ambaji site is expected to have a significant Polymetallic deposit with trace amounts of precious metals and would scale up GMDC’s presence in base metals and demonstrate the company’s commitment to further diversifying its mineral portfolio. The reserve will additionally cater to the demand for EV adoption across emerging and developed nations, gradually reducing India’s dependency on the import of Copper.

Gujarat Mineral Development Corporation (GMDC) is engaged in business of mining and mineral processing.

Peers
Company Name CMP
Coal India 411.85
NMDC 79.70
Ashapura Minechem 525.80
Sandur Manganese 185.45
GMDC 556.60
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