India’s iron ore major NMDC Ltd has signed an MoU with Mineral Exploration Corporation Limited for joint exploration for iron ore, gold, coal, diamond and other minerals in mutually agreed projects across various states. NMDC is currently producing about 35 million tonnes of iron ore annually and diamonds from the Diamond Mining Project, Panna in Madhya Pradesh. It has an R&D Centre for the study of ore beneficiation and minerals processing. NMDC has been pioneer in iron ore mining and is venturing into coal at Tokisud North and Rohne Coal Mines in Jharkhand.
MECL has been carrying out mineral exploration from 1972 and is the premier exploration agency in the country. Earlier, MECL has conducted successful exploration for NMDC in Shahpur East and Shahpur West Coal blocks in Madhya Pradesh.