NMDC, MIDHANI enter MoU

NMDC, MIDHANI enter MoU
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Highlights

NMDC Limited and MIDHANI have entered a Memorandum of Understanding (MoU) for Tungsten – Mining and Development of Processing Technology. The MoU was signed by PK Satpathy, Director (Production), on behalf of NMDC and SK Jha, Director (P&M), on behalf of MIDHANI in presence of Dr Narendra K Nanda, Director (Technical), NMDC, Sandeep Tula, Director (Personnel), NMDC, B G Raj, Director (Finance), MI

Hyderabad: NMDC Limited and MIDHANI have entered a Memorandum of Understanding (MoU) for Tungsten – Mining and Development of Processing Technology. The MoU was signed by PK Satpathy, Director (Production), on behalf of NMDC and SK Jha, Director (P&M), on behalf of MIDHANI in presence of Dr Narendra K Nanda, Director (Technical), NMDC, Sandeep Tula, Director (Personnel), NMDC, B G Raj, Director (Finance), MIDHANI, Dr Samir V Kamat, Director, DMRL and senior officials of NMDC, MIDHANI and DMRL at NMDC Corporate Office, Hyderabad.

China is the largest producer of Tungsten producing more than three quarters of world production. Availability of Tungsten in India is very limited and not being mined due to the lean ores. Presently, India’s requirement of this strategic mineral is being met mainly through imports.

NMDC being a strong mining company with experience in acquisition of mineral assets abroad and MIDHANI having expertise in metals and alloys providing technical support and coordination for Ammonium Para Tungstate (APT) can combine their complementary strengths to pursue a win-win venture in developing the identified tungsten mineral assets in India and abroad.

This alliance would strengthen both NMDC and MIDHANI to explore jointly the Tungsten assets in India and abroad for investment and development of technologies for converting Tungsten ore to APT and Tungsten powder.

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