NMDC Explores Mining Assets Across Four Continents for Diversification
State-owned NMDC is scouting mining assets including lithium, copper, cobalt, and rare earth minerals across South America, Australia, Africa, Brazil, and Asia. The company aims to diversify beyond iron ore, which currently accounts for nearly all its revenue, targeting at least 20% from other minerals. NMDC also seeks limestone, dolomite, coking coal, and tungsten mines in UAE, Oman, Bhutan, and Australia to support India's growing industries like steel, automotive, electronics, and renewable energy.
ET Energy·