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NMDC taking first step for obtaining Mining Lease to start operations at Gold Mine Block

18 Oct 2022 Evaluate

NMDC is taking the first step for obtaining Mining Lease (ML) & executing the ML deed to start the mining operations at Chigargunta-Bisanatham Gold Mine Block in Chittoor District, Andhra Pradesh. The miner strikes gold with the Gold Mine block as it is a first of its kind for the company in terms of leveraging its expertise for a multi-mineral outlook and underground mining operations as well. The firm is in the process of calling Expression of Interest (EOI) for appointment of a Consultant for obtaining Mining Lease and Mining Deed

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 419.30
NMDC 80.78
Ashapura Minechem 518.35
Sandur Manganese 182.25
GMDC 554.10
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