MOU
NMDC sighs MoU for Geological and Geophysical exploration of minerals
BHOPAL. NMDC Limited has signed a Tripartite MOU with Govt of Madhya Pradesh and Madhya Pradesh State Mining Corporation Limited at Bhopal. The MOU was signed by Shri Manohar Dubey, IAS, Secretary, Mineral Resources Department & MD, MPSMCL on behalf of MPSMCL, Shri P.K.Satpathy, Director (Production) on behalf of NMDC Limited and Shri V. Austin from Govt of MP Side in the presence of Chief Minister Madhya Pradesh Shri Shivraj Singh Chauhan.
The MoU is for geological & geophysical exploration of various minerals in State of Madhya Pradesh, NMDC made intentions to invest during the Global Investors Summit held in October, 2016 for exploration for different minerals in various districts of Madhya Pradesh over an area of approximately 7200 square kilometers.
As per the MOU, on successful establishment of mineral blocks through this proposed exploration, NMDC would be forming a JV with MPSMCL with equity 51:49 (NMDC- MPSMCL) for mining of such blocks.
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