New Delhi: State-owned NMDC is seeking to discover minerals like lithium and cobalt, that are utilized in electrical automobiles, in international lands, its chairman and managing director Sumit Deb stated on Friday. The firm can also be planning offshore mining of copper, nickel and gold, Deb stated.
NMDC by way of Legacy Iron Ore Ltd in Australia is seeking to mine lithium, nickel, and cobalt that are utilized in EVs, Deb stated on the curtain raiser of a FICCI occasion, Indian Minerals and Metals Industry Transition Towards 2030 & Vision 2047, right here.
Based in Perth, Legacy Iron Ore Ltd has a give attention to gold, iron ore and base metals. NMDC has 90.02 per cent fairness within the firm.
The firm additionally has plans to discover different minerals like gold and copper in international locations like Africa, Tanzania and Zimbabwe.
NMDC may also discover lithium reserves in India as “it has got exploration rights in Karnataka”, he stated.
On an upward iron ore worth revision by NMDC, Deb stated it was a marginal hike by the miner and the demand for the mineral will begin selecting up from the second quarter onwards.
NMDC, which is the biggest iron ore producer and vendor in India, on Thursday hiked costs of lump ore by Rs 200 a tonne and fines by Rs 100 per tonne with quick impact. The firm has fastened the costs of lump ore at Rs 4,100 per tonne and that of fines at Rs 2,910 a tonne.
Deb additional stated the convention scheduled for August 23 will see participation from trade gamers, different stakeholders and the academia who will focus on the expansion drivers wanted for the Indian minerals and metals sector, challenges being confronted by the sector and alternatives obtainable.
Source: auto.economictimes.indiatimes.com