NMDC Ltd is seeking additional iron ore mining leases in India to meet its 100 million tonnes per annum target. NMDC has plans to increase annual production capacity to 75 million tonnes by 2018-19 and 100 million tonnes by 2021-22 from the current level of around 30 million tonnes.
To meet the target, the company will require additional mining leases in Odisha, Jharkhand, Karnataka, Chhattisgarh and other states. The company desires that leases should be considered under 17A (2A) of MMDR Amendment Act, 2015 and request for the same has been made by NMDC to explore and develop mines either independently or under JV or under SPV.
NMDC also intends to set up a 10 million tonnes/annum ore processing plant in the Bailadila sector to convert iron fines into iron ore concentrate in slurry form, a 15 million tonnes/annum slurry pipeline transportation system from Bailadila to Vizag via Nagarnar, and pellet plants at Nagarnar and Vizag.
The company also aims to upgrade the capacity of Conveyor 310 at the Bailadila Iron Ore Mine at Kirandul complex in Bastar region and to construct a fifth iron ore screening line at the screening plant number 2 at this mine.
NMDC has also commenced the process for setting up a 2 million tonnes/annum iron ore processing plant at Bacheli in Bastar region of Chhattisgarh. The tender for site levelling work has already been floated for setting up the project.
NMDC also proposes to use its mine lease area at Deposit number 4 at Bailadila range of hills at Bhansi near Bacheli in South Bastar’s Dantewada district in Chhattisgarh for meeting the raw material requirements for its upcoming 3 million tonnes/annum Integrated Steel Plant at Nagarnar. After meeting the annual plant requirements of 5 million tonnes, the remaining iron ore quantity will be sold to domestic customers in Chhattisgarh.
The Deposit 4 iron ore mine will be developed as a standalone project with an estimated investment of Rs1899.74 crores. It is proposed to have annual production capacity of 7.0 million tonnes and the mining lease will cover more than 646 hectares.