New Delhi: Legacy Iron Ore Limited, a subsidiary of state-owned mining firm NMDC, inaugurated Mount Celia Gold Operation in Australia. "NMDC expands its mineral portfolio with inauguration of Mount Celia Gold Operation," Ministry of Steel said in a statement on Sunday. It becomes first gold mine in the company's portfolio, the ministry said.
Nagendra Nath Sinha, Secretary, Ministry of Steel, on Sunday unveiled a ground-breaking ceremony for the mining operations at Mount Celia Gold Project located in Western Australia, it added.
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This initiative, undertaken by Legacy Iron Ore Limited, a subsidiary of the State-owned Steel CPSE, NMDC Limited, has been met with great anticipation and stands as a testament to the relentless dedication and commitment of NMDC in diversifying its mineral assets.
This ground-breaking event also represents the culmination of a rigorous process that involved securing all necessary statutory approvals and finalizing the mining contract with Bain Global Resources. It is worth mentioning that 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, and it is poised to become a significant contributor to India's gold production landscape.
NMDC, under the Ministry of Steel, is India's largest iron ore miner.
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