NMDC Expands: 1st Gold Mine

  • Ground-breaking ceremony for the Mining operations.
  • At Mount Celia Gold Project located in Western Australia.
  • Undertaken by Legacy Iron Ore Limited, a subsidiary of the State-owned Steel CPSE, NMDC Ltd.
  • Establishment of the first gold mine in NMDC’s extensive portfolio.
  • Represents the process of securing all necessary statutory approvals and finalizing the mining contract with Bain Global Resources.
  • The surface and mine infrastructure works have progressed rapidly.
  • Setting the stage for ore mining to commence in the Blue Peter pits in the coming weeks.
  • The first ore for processing at Paddington Gold Mine is scheduled for CYQ1, 2024.
  • Significant contributor to India’s gold production landscape.
Posted in Current Affairs.