NMDC to ramp up iron ore production at Kumaraswamy Mines; will spend Rs 900 Cr
NMDC will be investing Rs 900 crores over a period of 2-3 years to increase production to 10 MTPA from 7 MTPA at the Kumaraswamy Mines, Karnataka.
New Delhi: Central Public Sector Undertaking, NMDC formerly known as National Mineral Development Corporation will be investing Rs 900 crores over a period of Two-Three years to increase production to 10 MTPA from 7 MTPA at the Kumaraswamy Mines, Karnataka.
According to the sources, Expert Appraisal Committee (EAC) under the Minister of Environment and Forests in a meeting gave approval for environmental clearance and allows NMDC to go forward with iron ore production.
The Kumaraswamy Iron Ore Project which is situated 10 km away on the southern side of the Donimalai Township of NMDC Limited shares several infrastructure facilities like the Township and Loading Plant with the Donimalai Iron Ore Project.
NMDC which is diversified into raw materials for the steel industry has clearance for 7 million tonnes per annum (MTPA) and also is producing 7 million tonnes. Indian Bureau of Mines (IBM) in November recommended the company to go from 7 to 10 MTPA.
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