Friday, May 13, 2022

NMDC CMD visits Australian subsidiary Legacy Iron Ore Ltd

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New Delhi: A high-level delegation of NMDC Limited, led by CMD Sumit Deb met with state government officials and other mining companies in Australia this week. Comprising Director (Finance) Amitava Mukherjee and other senior officials of NMDC, the delegation, which reached Perth, Australia had deliberations with the team of 'Legacy Iron Ore Ltd,' its Australian subsidiary.

Deb shared NMDC’s future plans with officials of the state government. Stating that FY 2022’s record production was just the beginning for NMDC, he outlined the company’s vision to become a 100 MT iron ore producer by the year 2030. NMDC, being the single largest iron ore producer in India, is diversifying into steel with the green-field Nagarnar Steel Plant in the state of Chhattisgarh, India due to start production soon, said Deb.

He also expressed optimism about the future of the recently executed agreement between Legacy Iron Ore and Hancock Prospecting Ltd, which is now a key partner. Mr Deb said Hancock’s expertise and experience, particularly in iron ore in Western Australia, would help unlock the huge potential of the Mt. Bevan project. Also present at the meeting, the Chief Executive Officer of Atlas Iron Ore, Sanjeev Manchandani, the appointed manager of the new joint venture, elaborated on the activities planned toward completing pre-feasibility studies of Mt Bevan.

The CMD and Director (Finance) also met with heads of other mining company present and had a valuable exchange of information on mining practices in Western Australia and NMDC’s plans in the state.

Legacy Iron’s CEO Rakesh Gupta thanked Deb, Mukherjee and other dignitaries present at the meeting for their continued support and guidance over the last few years in helping Legacy Iron grow to new heights.

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