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NMDC, MECL sign MoU for Joint Mineral Exploration across India

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NMDC, MECL ink pact for joint mineral explorationNMDC Limited (formerly known as National Mineral Development Corporation) & Mineral Exploration Corporation Limited (MECL) signed a Memorandum of Understanding (MoU) to collaborate & conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals in various states.


To achieve self-reliance in the field of Mineral Exploration and promote domestic production of previously imported items.

Signed By:

The MoU was signed by Dr. Ranjit Rath, Chief Managing Director (CMD) of MECL & Sumit Deb, CMD of  NMDC.

Key Points:

i.The agreement will help in establishing resources, reserves of various minerals, ores & its extraction besides identifying unexplored mining areas.

ii.It will support the Government of India’s ‘Atmanirbhar Bharat Abhiyan’ initiative & aid in the commitment of mineral security of India.


As of February 2020, the Government of India holds 69.65% equity in NMDC.

Recent Related News:

i.November 27, 2020, The Ministry of Earth Sciences (MoES) is set to launch an ambitious ‘Deep Ocean Mission’ in the next 3-4 months for  underwater exploration of minerals, energy and marine diversity and also enhance India’s presence in the Indian Ocean.

About  Mineral Exploration Corporation Limited (MECL):
MECL is also a ‘Navratna’ status Company.
Chief Managing Director (CMD) – Ranjit Rath
Headquarters – Nagpur, Maharashtra

About NMDC Limited:

NMDC Limited is India’s Largest Iron Ore producing ‘Navratna’ status Company.Formerly known as National Mineral Development Corporation.
CMD – Sumit Deb
Headquarters – Hyderabad, Telangana