NMDC Tanzania

Hi buddy I heard NMDC, India Ltd setting up a pilot plant in Tanzania , is this true , plz tell me about this news as my friends asking me about the same here ???

[shikha]

NMDC (National Mineral Development Corporation) Limited is a state-controlled mineral producer of the Government of India. It is owned by the Government of India and is under administrative control of the Ministry of Steel.

Yes NMDC, India s largest iron ore miner, is setting up a pilot plant in Tanzania for processing the yellow metal at an investment of around Rs. 50 crore. In February 2014 the East African country had granted NMDC four gold mining leases for an area of 38.83 sq. km for 10 years.

Company profile

Type State-owned enterprise

Public (BSE: 526371, NSE: NMDC)

Industry Mining

Founded 1958

Headquarters Hyderabad, India

Key people Shri N. Baijendra Kumar, IAS

Products Iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite,
magnesite, diamond, tin, tungsten, graphite, and beach sands

Revenue US$ 2.075 billion (2011 12)

Number of employees 5,924 (2011-12)