The state-owned National Mineral Development Corporation (NMDC) Limited has created a separate department “NMDC Global,” to increase its global footprint.
The NMDC, which is maintaining its leadership position in Indian iron ore industry, currently also has its presence in Australia, Mozambique, Tanzania and other countries.
It is also looking to “diversify into strategic and critical raw materials and also the other emerging opportunities in key minerals which have potential to deliver the long term benefits to the company and the country,” said a NMDC press communiqué.
To give a structured thrust on the above areas, it has created the separate department so as to pursue those international opportunities for acquisition of mineral assets and strategic tie ups on emerging technologies, the communiqué added.