NMDC ltd and Kopano logistics Services (Proprietary) ltd (BEE partner) have established a 50:50 Joint Venture (JV) company by the name ‘Kopano- NMDC Minerals (Pty) limited’ to undertake exploration and development of mineral properties in the Republic of South Africa, a NMDC press release informed on Friday.
The Board meeting of Kopano- NMDC Minerals (Pty) limited was held recently in Hyderabad.
Speaking on the eve, Dr N.K.Nanda, Director(Technical), NMDC and Deputy Chairman of the Joint Venture Company stated that with clarity appearing on the new mining law 2018 of South Africa, the Joint Venture company is actively scouting for exploration and development of various mineral assets in South Africa.